Friday, December 18, 2020

Tax Increment District #2

 

With the recent adoption of the 2020 Sub-Area Plan http://cms3.revize.com/revize/greenvillewi/Sub%20Area%20Plan%202020.pdf, the Town Board authorized development of its second Tax Increment District (TID) for the area known as the Heritage District. The purpose of a TID is to spur economic development in an area that otherwise would not see development or growth without the assistance of a TID. This process is expected to be completed by September 2021. A public hearing will be required before the Planning Commission with approval by the Village Board and finally the Joint Review Board. If you have questions about what a TID is and how it works please see the following link provided by the Wisconsin Economic Development Association for a basic understanding http://www.weda.org/wp-content/uploads/2019/10/TIF-101-Presentation.pdf. If you have additional questions please feel free to contact Community and Economic Development Director Michael J. D. Brown at mbrown@townofgreenville.com or 920-757-5151 ext. 2000.