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Tag Archives: tax increment financing

Delta city using tax increment financing for improvements

GREENWOOD — The city of Greenwood has devised a plan to help private developers pay for street, lighting and other improvements to the public infrastructure — tax increment financing. The Greenwood Commonwealth reports the city council approved the plan last week. TIF is a public financing method that provides communities with a means to fund redevelopment and infrastructure improvements. A ...

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Madison Target center needs stronger tenant mix, city says

Target has a bulls-eye on Madison but the developer of the center to be anchored by the national retailer wants some financial help with the project. The center will need a little more star power in its tenant lineup for that, however. Mayor Mary Hawkins Butler gives the Minneapolis-based retailer zero chance of getting tax incentives from the city until ...

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Smart cities using tax increment financing

Hattiesburg development another example, like Ridgeland’s Renaissance, of the growing trend to use TIF to secure large retail projects A new $30-million retail development in western Hattiesburg is expected to close in August. The Ridge at Turtle Creek, which will be on U.S. 98 West next to Target, is another example of the growing trend of cities using tax increment ...

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