Creation of Tax Increment District (TID) 10 for mixed-use…
City of PlattevilleWisconsin- Detected
- Aug 3, 2026
- 96 days ago
- Sector
- Capital Projects
- Est. value
- Free account
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THE 30-SECOND BRIEF
Creation of Tax Increment District (TID) 10 for mixed-use development, including potential projects like Lincoln Street extension and rebuilding Lincoln Street. The TID aims to generate growth and fund statutorily eligible project costs.
The TID boundary covers targeted areas of development. The increment value of all existing TIDs plus the base value of this new district will be 9.36% of the total equalized value, well under the 12% limit. The district is mixed-use, meeting the 50% land area criteria. Project costs are estimated at $5 million for fundable projects, with more listed to avoid amendments. The preferred funding structure is pay-go, where developers pay upfront and are reimbursed with tax increment.
From the meeting
- Source
- 7-28-2026 Platteville Common Council Meeting
- Meeting date
- August 3, 2026
- Agency
- City of Platteville
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