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Infrastructure improvements such as the roadway between Northgate Mall and Cherokee Square Shopping Center can be financed a tax in-crement financing (TIF) agreement. Payback comes from increased property taxes when businesses located in the shopping centers.
--Staff Photo by Chris Barstad

Mall redevelopment tops $14M

Posted on October 8, 2015 at 4:22 pm

$1.8M TIF loan to fund infrastructure improvements STAFF WRITER jordan scott The Tullahoma Area Economic Development Corporation (TAEDC) met Thursday, Oct. 1 to prepare for the closing of an up-to $1.8 million tax increment financing (TIF) agreement between TAEDC, Regions Bank and Northgate LLC. TIF loans provide financial...
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