A new $10.5-million ballpark for an independent Frontier League team in the Milwaukee suburb of Franklin could be backed by a city-backed TIF district under a plan floated by local officials. The TIF district would back a more ambitious $100-million development project that would essentially create a downtown for the small city, complete with retail, […]
Tag Archives | tif financing
Revised GreenJackets ballpark plan up for vote tomorrow
A revised plan for North Augusta financing of a new Augusta GreenJackets (Low Class A; Sally League) ballpark will be considered tomorrow night by the Aiken County school board. The board will be asked to approve a new plan unveiled back in May that calls for a smaller contribution in TIF money as part of […]
West Virginia Legislature approves Morgantown TIF funding
As expected, the West Virginia Legislature approved a $96-million TIF district for Morgantown, paving the way for a new ballpark for West Virginia University and a short-season NY-Penn League team. The proposed TIF district legislation died when the Legislature adjourned Saturday night. But with other important pieces of legislation still on the table as well, […]
New Morgantown ballpark advances
A new ballpark for West Virginia University and potentially a short-season-A team easily passed another hurdle after the West Virginia Senate unanimously approved the creation of a TIF district needed for financing. The proposal must now pass the House and be signed by the governor. Given the ease it passed the Senate, there doesn’t seem […]
North Augusta gives preliminary support for new GreenJackets ballpark
A new ballpark for the Augusta GreenJackets (Low Class A; Sally League) gained a preliminary endorsement last night as the North Augusta City Council voted 5-1 to support the project. The ballpark is part of the “Project Jackson” development pitched for the North Augusta waterfront on a 44-acre site. Partially financed by TIF funding, the […]
First TIF approved for new Morgantown ballpark
The first of two TIF districts needed for construction of a new West Virginia University ballpark in Morgantown has been approved, with the second to be taken up by the state legislature. The ballpark could also house a short-season A NY-Penn League team, according to organizers. The first instance of a tax-increment financing district would […]