DeKalb spends $46K to study possible TIFs
DeKALB – DeKalb aldermen voted unanimously to hire PGAV Architects at the cost of $46,000 to explore the feasibility of creating new tax increment financing districts along South Fourth Street and 2131-2211 Sycamore Road.
The two areas were previously identified in a preliminary report as being qualified for a special tax mechanism that local governments use to encourage development.
City Manager Mark Biernacki said he will have a better idea in a month in regards to the timeline for the TIF creation process.
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