The town moved one step closer Tuesday to setting a TIF district for the old Splash Down Dunes property.
The property has been bought by Utah-based Seven Peaks and will be called Seven Peaks Porter. An opening is scheduled for Memorial Day.
The Porter Redevelopment Commission unanimously approved a resolution during its meeting to expand the TIF area to include the water park, gas station and sliver of property between the two facilities. The area is between Waverly Road and the east end of the park and the north boundary of the park and U.S. 20.
“We want to do some fiber optics and roadway improvements, and we can capture the increase in property taxes as a result of the water park," Redevelopment Commission President Elka Nelson said. "We want to improve (U.S.) 20 so we can entice more technology and business to the (U.S.) 20 corridor."
The resolution will be sent to the Plan Commission in October for its recommendation and will then go to the Town Council, which will hold a public hearing in November before voting.
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