Redevelopment commission approves resolution creating four new TIF allocation areas

Jul 22, 2026

The Bedford City Redevelopment Commission approved Resolution 4-2026 to create four new tax-increment financing (TIF) allocation areas (Wawa, Stone City, Limestone Edge, Cardinal Crossing), each with a 25-year capture period and a 01/01/2026 base date; Baker Tilly summarized projected collections and overlapping tax impacts.

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The Bedford City Redevelopment Commission on July 21 approved a confirmatory resolution to create four new TIF allocation areas — Wawa, Stone City, Limestone Edge and Cardinal Crossing — the final step after plan commission and city council approvals.

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