Issue link: http://www.insightdigital.biz/i/792807
I N D E V E L O P M E N T 2 0 1 7 23 Greenville approves first TIF district to attract developers The town of Greenville created its first tax incremental financing district as it seeks to attract more business to an area that has experienced more residential than commercial growth. The town board unanimously approved the creation of the TIF in mid-January. A joint review board made up of the local school district, technical college, Outagamie County and two town representatives approved the TIF on Jan. 25. The TIF will affect all those entities. Once a community creates a TIF district, the property taxes generated from new development in the district go toward reimbursing the municipality for costs such as property acquisition, demolition or infrastructure it incurred to bring about that development. The increased tax revenues from that development are diverted from the school district, county and technical college for as long as the district is in place. Greenville's TIF will be located in the land around the roundabout at State 15 and County CB. Towns with populations over 3,500 and equalized values above $500 million were given authority to create TIF districts in 2014. CONTACT The Bay Lofts info@urbanapex.com (920) 333-1942 www.thebaylofts.com Pizzeria, many of The Bay Lofts feature water views. The apartment community features strong finishes, with granite countertops, large windows, and 9- and 10-foot ceilings. Amenities include an exercise suite, fourth floor community room with vista patio, a business center, elevator, underground parking and ample bicycle storage. The building will also be the new home of Bayshore Outfitters, which is relocating from a smaller building on Madison Avenue. It also has a Sister Bay location. The Bay Lofts is experiencing strong pre-leasing and will open on May 1, 2017. It is located at 49 N. Madison Ave. in Sturgeon Bay. CONTACT Dana Racine City of Omro Community and Economic Development Future Omro Chamber | Main Street Director (920) 685-7005 x 22 130 W. Larrabee St. Omro, WI 54963 omro-wi.com | FutureOmro.org personal care, general merchandise and full-service restaurants. We look forward to talking with you about opening, relocating or expanding your business in Omro. For more information about the local business environment, business assistance and incentive programs, contact Future Omro Chamber-Main Street at (920) 685-7005 or visit FutureOmro.org. We'd love to show you why your business should call the community of Omro home. CONTACT Dave Tebo Town Administrator dtebo@townofgreenville.com W6860 Parkview Drive PO Box 60 (920) 757-5151 NEUBERT RD HWY 15 GREENVILLE DR CTY TK CB WALLY WAY LEVI DR N MAYFLOWER DR Proposed Greenville TID #1 Boundary GREENVILLE "We've had some businesses come and approach Greenville in the past to build new business, and we will now be more attractive because we have a TIF. It allows us to stay competitive with our neighbors." — Jack Anderson, chairman for the town of Greenville SPONSORED PROFILE SPONSORED PROFILE SPONSORED PROFILE • Fox Highlands Subdivision & Condos Located at School Road/STH 76 (109 units) • 2nd Addition to Waterlefe Subdivision Phase 1 Located at Parkview Dr./ Greenwood Rd. (26 lots) • Towering Pines West Subdivision Located at STH 76/Glenview Dr. (19 lots) • Field of Dreams Subdivision Phase 1 Located at STH 96/76 (21 lots) Other recently approved Greenville projects: