Fairfield Township and the City of Hamilton will gain additional revenue as an additional 184 acres of territory is added to the Hamilton-Indian Springs Joint Economic Development District (JEDD), Cincinnati.com reports. Expanding the JEDD “was prompted by the StoryPoint senior housing project at the northwest corner of Hamilton-Mason and Gilmore roads,” a $20 million project, according to the article. When the facility opens, it will create “[m]ore than 100 jobs — including at least 40 full-time” with a $3 million total annual payroll. Township trustees approved a 10-year, 75 percent property tax abatement for the project, with Fairfield City Schools still receiving payment “equal to what they would have received had the taxes not been abated.”
Expanding tax district will bring revenue to Fairfield Twp. and Hamilton
