Carnation Mall redevelopment moving forward with TIF approval from Alliance
Alliance City Council recently passed multiple ordinances to help the Carnation City Mall redevelopment project move forward, including a tax increment financing (TIF) program, The Alliance Review reports. Mayor Alan Andreani said, “[m]any people think TIFs are pure abatements, (but) what happens is that the entities still pay their taxes but they go to a service fund,” which will be set up by the county, according to the article. Council also approved an agreement with Meijer for that company’s plan to construct a nearly “160,000-square-foot store on 25 acres of the former mall site.” City officials “hope the redevelopment project will bring new activity to the mall property.” For more, read the full article.
