From the Pharos Tribune:
The Logansport Redevelopment Commission is planning to explore updating the city’s tax increment financing district maps after discovering some land parcels have been excluded.
Bob Bishop, a Logansport city councilman and president of the redevelopment commission, said it has come to his attention that some parcels of land have not been included in the city’s east end tax increment financing, or TIF, district.
“There were some parcels missing from our map,” he said.
TIF designates tax increments within a defined area to finance development projects in that area. One of the projects funded by TIF in the east end district is the movie theater currently being constructed between High Street and Lexington Road.
With these parcels being missing from the map, it means they’re not contributing to the TIF funds for the district.
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See the full article here:
http://pharostribune.com/local/x2094915597/Logan-considers-updating-TIF-maps
