The Covington Board of Commissioners performed an emergency vote on Tuesday during its caucus meeting, when votes usually do not take place, to amend the tax increment financing, or TIF, agreement for the Central Riverfront Development site, located on the site of the old IRS building. TIFs allow cities to recoup state taxes generated in […]
Tag: TIF
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Fort Mitchell dissolves Economic Development Authority
Fort Mitchell is planning to dissolve the city’s Economic Development Authority. It was created for the Tax Increment Financing district in conjunction with the Kentucky Gateway Project. Since the financing, known as a TIF, agreement has been renegotiated and amended, the authority no longer serves a purpose. “[The Economic Development Authority] was originally created in […]
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Covington approves $75k for Rivercenter crosswalk repair
Covington has approved $75,000 to repair crosswalks at the intersection of Rivercenter Boulevard and Madison Avenue, which will be funded by the city’s tax increment financing (TIF) district.
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State pledges $45.5 million in future tax revenue for former IRS site project
The Covington Central Riverfront project at the site of the former IRS building has secured a key funding source. The City of Covington announced today they can use up to $45.5 million in future state tax revenue to help redevelop the site. The Kentucky Economic Development Finance Authority, or KEDFA, gave the City permission to […]
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Wilder Officials Present Options for City Center Plan
The city of Wilder shared details from the city plan presentation on its Facebook page. By Robin Gee, council beat editor With the announcement this week of a $250,000 grant to be allocated to a new amphitheater at Frederick’s Landing, the city of Wilder is well on its way to realizing its goals to fully […]
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Wilder Firehouse Update, Park Ground Breaking, Street Lighting
Wilder Mayor Robert Arnold and other city officials wore Hawaiian shirt and other summer clothes to celebrate the groundbreaking of the Wilder City Center Park. (photo courtesy city of Wilder) By Robin Gee, City Council Beat Editor It was a busy month for the city of Wilder as officials held a groundbreaking ceremony for the […]
