The Plymouth City Council members were presented with two resolutions Monday night forwarded by the Planning Commission that would place the proposed Veterans Parkway extension project on the city’s project list. TIF areas 1 and 3 would provide funding for the project.
Continue reading
The Plymouth Redevelopment Commission members considered a resolution Tuesday night that pertains to tax increment financing for the Centennial Crossings project.
Continue reading
Argos Town Council members approved a declaratory resolution to establish a TIF area when they met last month.
Argos Redevelopment Commission Vice President Mark VanDerWeele informed council members that while the resolution can be amended at any time, they would have to restart the lengthy approval process over from the beginning if any changes are made. Continue reading
The City of Plymouth is disbanding its Downtown Revitalization Committee. Continue reading
A pair of Regional Cities projects proposed for the City of Plymouth may soon be getting city funding, following action by the Common Council Monday. Council members voted four-to-two to appropriate $1.5 million from the city’s Rainy Day Fund to a public-private partnership to develop the South Gateway apartment project. Continue reading
Incentives for a snack producer moving into the Marshall County Shell Building will be considered this evening by the Plymouth Common Council. Pretzels Inc. announced plans last week to spend $15 million to purchase and equip the building near Pioneer Drive and U.S. 30, creating 65 new jobs in the process. Continue reading
A new study says TIF District’s may not be as good for economic growth as initially thought.
The paper from Ball State University’s Center for Business and Economic Research says Tax Increment Financing Districts are often associated with less employment, less taxable income, and slightly higher tax rates.
Continue reading
