A 1,400-acre development in Turtlecreek Township that was approved in October 2014 could take “a big step forward” if the Board of Trustees’ plan for tax increment financing (TIF) districts is implemented, the Dayton Daily News reports. The board “plans to use property taxes from residential and commercial development” in Union Village “to pay for roads and other infrastructure for the $445 million development,” according to the article. The township sent letters to Lebanon City Schools, Warren County and the Warren County Career Center advising them of plans “to hold a meeting on April 25 for a decision” on setting up the proposed TIFs. The plan “calls for a diversion of 50 percent of property taxes on up to 4,500 homes approved for the development to be built and 100 percent for commercial development for 30 years.” For more, read the full article.
Turtlecreek Twp. TIFs would fund infrastructure for $445M development
