Council introduces three Memphis Run tax-increment financing districts; public hearing set for Nov. 24

The Brooklyn City Council introduced three ordinances to create Tax Increment Financing (TIF) incentive districts for parcels in the Memphis Run area and scheduled a public hearing for Nov. 24.

Ordinances 2025-27 (Memphis Run East), 2025-28 (Memphis Run North) and 2025-29 (Memphis Run South) were read on first reading. Each ordinance invokes provisions of the Ohio Revised Code (sections cited in the ordinance text) to: declare improvements within the district a public purpose; exempt qualifying improvements from real property taxation; require annual service payments in lieu of taxes; establish a municipal public-improvement tax-increment-equivalent fund for deposit of those payments; and authorize compensation payments to the Brooklyn City School District and the Polaris Career Center Joint Vocational School District.

Council members said the proposed districts cover parcels tied to forthcoming townhomes and related development (locations described roughly as across from the library, at Memphis and Rodone, and on Rabbit Run). The council noted infrastructure improvements would be designated to directly benefit the properties and that the public hearing on all three ordinances will be held on Nov. 24 prior to the next council meeting.

The measures are at the introductory (first-reading) stage; the council did not adopt the ordinances at this session. The hearing will provide an opportunity for property owners, school-district officials and residents to comment on the scope of the districts, the proposed service payments in lieu of taxes, and any potential impacts to school-district revenue streams.