Commission approves TIF-based economic plan for Vesper Village to fund roads, sidewalks and traffic improvements
The Robertson County Commission approved a tax-increment-financing (TIF) economic-impact plan enabling up to $27.5 million (plus interest) in infrastructure reimbursements for the Vesper Village project, after a lengthy presentation from the developer team and public Q&A.
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The Robertson County Commission voted to adopt a resolution authorizing the economic-impact plan for Vesper Village, a large mixed-use development that the developer says will be supported by tax-increment financing. Madison Haynes, an attorney representing the developer, told the commission the TIF would allow use of future property-tax growth from the project to reimburse construction of public infrastructure including a new road, turning lanes, sidewalks, street lights and traffic signals.
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