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Hillsdale TIFA review committee to refine development plan and probe Dawn Theater divestment
Summary
The Hillsdale Tax Increment Finance Authority Review Committee on Feb. 24 agreed to rewrite its development plan with a clearer mission and precedent-based goals, to research whether the State permits divestment of the Dawn Theater, and to examine ways to prevent erosion of the TIFA tax base after recent property sales removed revenue.
Members of the Hillsdale Tax Increment Finance Authority (TIFA) Review Committee met Feb. 24 and agreed to revise the TIFA development plan to include a clearer mission and concrete, precedent-based goals, the committee’s minutes show.
Andrew Gelzer provided written materials for the meeting, including a Development Plan History memorandum, a TIFA Development Plan Background memorandum and a Review Committee Discussion Framework; the…
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