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Economic development director highlights downtown TIF leverage and housing pipeline
Summary
Economic Development Director Jill Connors told council that targeted TIF and incentive use has leveraged large private investment in recent years, citing 15 development agreements in the last year that brought about $68 million in private investment and roughly 300 new residential units.
Jill Connors, the city’s economic development director, outlined FY27 priorities and the department’s role in recruiting investment, supporting housing creation, and coordinating downtown revitalization.
Connors reviewed how tax increment financing (TIF) and targeted incentives have increased assessed value over time and supported projects that create jobs, housing and private reinvestment. She said the city has executed 137 TIF projects historically and that each public dollar has historically leveraged substantial…
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