From the Madison County
Herald-Bulletin:
The Anderson Redevelopment Commission
voted to expand a tax increment financing, or TIF, district to include
struggling westside properties during its meeting Tuesday evening.
...
The project is now considered a consolidated redevelopment plan rather than a westside one, Sulc said, and includes the former Guide Corp. properties along Dr. Martin Luther King Jr. Boulevard and 32nd Street, Orchard Park between 53rd and 67th streets, and commercial land on the south side of Nichol Avenue between Park Road and Raible Avenue.
That commercial land on Nichol Avenue includes Great Taste China Buffet and Best Way Cleaners and the former Kentucky Fried Chicken and Hardee’s — where 50 percent of existing commercial areas are vacant.
Properties on the north side of Nichol Avenue that commission member Carolyn Scott said could benefit from being part of the TIF district during the last meeting were added along with properties from Main to Monroe streets on 29th Street.
“The TIF funds will increase and improve the infrastructure,” Sulc said.
...
If put into place, he said, the project would provide multiple infrastructure upgrades and work on brownfield projects and drainage.
Beginning work on the redevelopment early this go-round, Smith said challenges were better understood.
The plan will have to move through the Plan Commission and then the City Council before it can head back to the Redevelopment Commission for final approval.
...
The project is now considered a consolidated redevelopment plan rather than a westside one, Sulc said, and includes the former Guide Corp. properties along Dr. Martin Luther King Jr. Boulevard and 32nd Street, Orchard Park between 53rd and 67th streets, and commercial land on the south side of Nichol Avenue between Park Road and Raible Avenue.
That commercial land on Nichol Avenue includes Great Taste China Buffet and Best Way Cleaners and the former Kentucky Fried Chicken and Hardee’s — where 50 percent of existing commercial areas are vacant.
Properties on the north side of Nichol Avenue that commission member Carolyn Scott said could benefit from being part of the TIF district during the last meeting were added along with properties from Main to Monroe streets on 29th Street.
“The TIF funds will increase and improve the infrastructure,” Sulc said.
...
If put into place, he said, the project would provide multiple infrastructure upgrades and work on brownfield projects and drainage.
Beginning work on the redevelopment early this go-round, Smith said challenges were better understood.
The plan will have to move through the Plan Commission and then the City Council before it can head back to the Redevelopment Commission for final approval.
