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School board approves Jefferson Neighborhood TIF, projects ~$6.9–7M over 30 years for district
Summary
The board adopted a resolution approving economic incentives for the Jefferson Neighborhood 'Build Back the Block' housing project, establishing a 30-year TIF under which the district will receive an estimated 75% of make‑whole payments, conservatively projected to yield roughly $6.9–7.0 million over three decades.
The Hamilton City School District board voted Wednesday to adopt a resolution supporting economic incentives for the Jefferson Neighborhood redevelopment, a multi‑phase housing project the city calls part of its 'Build Back the Block' initiative.
Jeremy Frasier, who presented the legislation, described the deal as a 30‑year tax-increment financing (TIF) agreement that removes debt…
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