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Council approves Aerotropolis LDFA plan to help rebuild Inkster Road
Summary
The Taylor City Council approved creation of an Aerotropolis LDFA/TIF district to capture tax increment to help upgrade Inkster Road from Class B to Class A, with proponents saying the plan would leverage state backfill for school tax capture and spur development along the corridor.
The Taylor City Council voted to create an Aerotropolis local development finance authority (LDFA) district aimed at raising tax-increment dollars to rebuild Inkster Road as a Class A roadway.
Chris Gerdwood, representing Aerotropolis and its legal counsel, described the proposal as a way to wrap a tax-increment finance (TIF) district around the Inkster Road corridor on Taylor’s west side to generate funds over the next 5–15 years for road reconstruction tied to…
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