Anamosa ‘TIF’ district is set to move forward as council approves the first reading
RAPID CITY, S.D. — The Rapid City Common Council taking the first steps toward creating the east Anamosa street corridor ‘TIF’: tax increment finance district.
The vote on the first reading Monday night was unanimous. The revenue generated from the TIF district would be used to pay for public improvements laid out in the project plan. The plan has not yet received final approval; it will more than likely come up come up at the next council meeting on the 19th.
Patsy Horton, Long Range Planning Manager for Rapid City, said, “With these regional improvements – and that’s the booster station and the 16 and 20 inch water main – that will open the entire area between East North Street and Elk Vale for future development.”
Phase one of construction is scheduled for this year and phase two is scheduled for 2023, 2024, and 2025.