Council amends TIF financing plan and approves two TAR designations tied to data‑center projects
Council approved an amendment to the city's tax‑increment financing (TIF) plan and designated/expanded tax‑abatement reinvestment zones (TARs) to support infrastructure tied to data‑center development, directing increment revenue to fire stations, streets and municipal service payments.
The full story
City finance staff presented an amendment to the Reinvestment Zone (TIF) financing and project plans and asked the council to redesignate Tax Abatement Reinvestment Zone (TAR) boundaries to accommodate additional Rowan phases.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
or
Free account
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in