DECATUR- the Police Department is a
step closer to relocating after a vote by the city council
Council voted to set up a tax increment
Hoping to bring the police department
and new businesses to this struggling area.
It's more commonly known as a "TIF"
It will help a local developer make
improvements to a building located on south side drive.
The City of Decatur wants to move its
police station out of the law enforcement center downtown and into
the building formerly occupied by Zexel.
In turn the city will get a lower
lease rate from the developer on that building.
Property in the area has been losing
value in recent years.
Council members were on board with
trying to improve the value.
The hope: once the building is
redeveloped, other businesses will come to the same tract of land,
revitalizing the area.
There are six other tif districts in
town, a prime example is downtown Decatur. That financing is how
the streetscape plan was made possible.