July 25, 2024 Joint Review Board
New London Joint Review Board (Tax Incremental Districts 5 and 7) · July 26, 2024
The New London Joint Review Board convened to appoint a public member and chair, review an amendment to Tax Incremental District (TID) 5 adding two parcels for a condominium project, and consider creating TID 7 to support infrastructure for a proposed Aldi store. Board members discussed projected costs, financing risks including a potential levy if development does not materialize, and scheduled a reconvened JRB meeting for Sept. 4.
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