The Sturtevant Community Development Authority and Village Board Tuesday are expected to approve the boundaries for a new development district that officials hope will create a downtown-like destination for residents and visitors. If approved, the new tax incremental financing district (TIF #4) will open just a few weeks after No. 3 closed and is now […]
Tag: Tax incremental financing district
Posted inGovernment
Sturtevant OK’s Blighted Property for Former Cobble Court Property
After two unanimous approval votes Wednesday, three parcels along Highway 11 were declared as blighted property, the Village of Sturtevant can now move forward with its development and redevelopment plans for the Durand Avenue corridor. The land is located in the 8400 block of Durand Avenue and was part of the defunct Cobble Court development that fell […]
Posted inGovernment
Update: Sturtevant Approves Cobble Court Land Offer
**Updated 8:15 p.m. April 6 Member of the Sturtevant Village Board Tuesday approved an offer to purchase four properties along Durand Avenue that front the Cobble Court residential development. The parcels – referred to in a village press release as the Cobble Court Commercial properties – are part of what was supposed to be the […]
Posted inGovernment
Trustees Talking Bombardier Tax Incentives, New Development
Sturtevant trustees during a special board meeting Tuesday are expected to approve a package of financial incentives for Bombardier that will allow the company to expand internally, adding new equipment and new jobs. BRP is located in the Renaissance Business Park which is part of Sturtevant’s highly successful tax incremental financing district (TIF) that village […]
Posted inGovernment
Your Votes on Spending $1.3 Million in Sturtevant
When Sturtevant’s tax incremental financing district closes in June, village leaders anticipate a lump sum payment of around $1.3 million in addition to lowering property taxes by about 25 percent. Based on a preliminary “wish list” trustees discussed at a committee meeting earlier this month, we put together a list and asked for your thoughts […]
Posted inGovernment
Take Our Poll: How Should Sturtevant Spend $1.3 Million?
When Sturtevant’s tax incremental financing district closes later this year, the village will receive a one-time, lump-sum payment of approximately $1.3 million, and trustees have to decide how best to use the money. At the continual committee meeting Tuesday, board members, staffers and residents started putting together a wish list of how the funds could […]
Posted inBusiness, Government
All States Trucking Looking at Expansion Possibilities
All States Trucking is planning for possible future expansion by buying 4.5 acres adjacent to their current location in the Renaissance Business Park and asking Sturtevant for a building requirement waiver to complete the purchase. Representatives for the company appeared before the Sturtevant Economic Development/Redevelopment Committee Tuesday to ask for a waiver that would require All […]
Posted inBusiness, Government
New TIF District Expected to Bring $136 Million Value to Village
Mount Pleasant trustees Monday night are expected to approve a new tax incremental financing district that is expected generate development worth $136 million in the coming years. The new TIF district totals 260 acres and could be comprised of up to 19 parcels. Its rough boundaries are the existing warehouse buildings on the west, east […]
Posted inBusiness, Government
Caledonia TID Public Hearing Tuesday
Members of the Caledonia planning commission and village board will host a public hearing at 6 p.m. Tuesday about whether or not the village should establish a tax incremental financing district to better attract commercial/industrial development. This district – better known as a TID or TIF – is a special growth tool communities can use […]
Posted inGovernment
Residents Opposed to Sturtevant Land Use Change
A handful of Sturtevant residents told trustees Tuesday that they are opposed to rezoning land at Highways 11 and H because of what they fear it could mean for their homes in the future. The Sturtevant Village Board held a public hearing during the regular board meeting as part of the process to change […]