Thursday, December 13, 2012

Greenwood Redevelopment Commission Approves Use of TIF Funds for Aquatic Center

From the Johnson County Daily Journal:


A Greenwood board gave the final approval needed to pay for a new pool with tax dollars that normally are used to widen roads or pay for other infrastructure projects.

The Greenwood Redevelopment Commission voted unanimously Tuesday to add an aquatic center to a list of projects that can be paid for with tax-increment financing district dollars. The pool project has been estimated to cost about $10 million, but the exact cost won’t be known until the board decides on the size and an architect does a preliminary design, redevelopment commission president Mike Tapp said.

Where the new pool would be located, how big it would be and what features it would include still have to be decided, Tapp said. But the hope is that consultants will help answer some of those questions.