Potential new Tax Increment Financing areas reviewed by city

YORK – During the York City Council’s most recent meeting, members and the administration heard from community planner, Bobbi Pettit, from the contracted company of Five Rule, regarding certain areas that could be declared blighted/substandard with the purpose of promoting redevelopment through the use of Tax Increment Financing (TIF).

The lengthy study focused on certain areas that could be designated, as a way to promote more workforce housing as well as business improvement projects.

Three proposed redevelopment areas were highlighted:

  • One area, called Area 10, is the commercial interchange area.
  • A second area, called Area 9, is the industrial land east of the airport, south of Road 15 and along Highway 81.
  • A third area, designated as Area 4, is a designated area west of North Lincoln Avenue, east of North Division Avenue, north of the railroad and south of 17th

As explained earlier, by York City Administrator Dr. Sue Crawford, this will be an ongoing process as state law prohibits communities from having more than 35% of its land designated as blighted/substandard. That means in order to add more areas where TIF projects could be done, some of the already-designated TIF areas will have to be eliminated.

Thanks for reading this article.
JMWNews.com content is free and never behind a paywall.
We believe in trustworthy, local journalism that is accessible to everyone.