Development

Redevelopment Projects >

Veterans Park

Base Value:	$1,681,600
Current Value:	$8,646,400
Original Property Taxes:	$46,900
Current Property Taxes:	$236,694
Property Tax Increment:	$190,568
TIF Expiration Date:	2017

Tax Incremental District Number Two saw a decline in both appearance and values of properties within the District. This led to declining tax base and falling revenues for the City prompting the establishment of Tax Incremental District. In addition, a number of properties within the District were blighted or in need of dire redevelopment. Over seventy four percent of the real property in the District was considered blighted. Many of the structures were non-conforming uses and not consistent with the City's Master Plan. The mixture of land use and property types hindered the City's ability to deliver basic services and provide public safety.