"At Monday's Shelbyville Redevelopment Commission meeting, board members voted 3-0 with members Mark McNeely and Sam Terrell absent to recommend part of the Intelliplex become an economic development area, a first step in making a TIF district.
The TIF district would allow the city to take future increases in property taxes and uses it to fund other projects. The change in tax delineation is a commonly used development tool, and Shelbyville already has two TIF districts -- near Indiana Live! Casino on the city's far north side and on the east side surrounding Kroger, Shelbyville Marketplace and Progress Parkway."
http://www.shelbynews.com/articles/2012/02/23/news/doc4f44169fa31a8372211428.txt
