The redevelopment of the Seaholm powerplant has just taken a big step forward. The City approved the tax increment financing zone to pay for new public utilities within the 7.8 acre site sandwiched between Cesar Chavez and 3rd Street.
TIFs work by applying the increase in ad valorem tax revenue within a defined zone to repay the debt used to build the public infrastructure.
Seaholm.info
ABJ article
