Planning commission approves order to create four TIF allocation areas, extending capture for development projects
The commission approved a plan commission order backing a declaratory resolution that creates four project-specific TIF allocation areas (Stone City, a 'Waw Wa' project, Limestone Edge and an expansion called Cardinal Crossing), each with a 25-year lifespan; staff projected incremental assessed-value and annual TIF capture ranges for each project.
The full story
The Bedford Planning Commission voted to approve a plan commission order supporting a declaratory resolution and an amended economic development plan to create four project-specific tax increment financing (TIF) allocation areas within the city’s consolidated TIF district.
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