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 officials anticipate closing in June. Village President Steve Jansen in January said BRP’s timing is important because of the TIF closing.
“The window to take advantage of special financing we have available is closing,” he added. “But what BRP is asking will not affect our timing for closing the TIF district and providing promised property tax relief to our residents.”
Board members will also discuss and final projects for the TIF district and the potential for a new TIF district or districts along Highways 11 and H and up Wisconsin Street.
The special board meeting begins at 6 p.m. Tuesday at Village Hall, 2801 89th Street. Call (262) 886-7200.