Ashland City Council votes down TIF

Posted at 8:37 PM, Sep 15, 2017
and last updated 2017-09-15 21:39:16-04

The City Council has voted not to approve tax increment funding, or TIF, for the Whitetail Run development project.

TIF would have allowed developers to pay for public improvements by diverting a portion of the taxes on the improved value of the land. The money would have paid for public improvements on the multimillion-dollar five-phase housing and commercial development on 30 acres of the southeast edge of Ashland.

But city leaders said they have a plan to keep the project moving forward without the TIF.

The mayor and city council members met with representatives of the Ashland Investment Co. and the school board to publicize a plan to go forward with the housing development without tax increment financing.