Appleton weighs options on two redevelopment projects
APPLETON (WLUK) -- The city of Appleton is looking at a couple of redevelopment projects and it hopes to use some taxpayer money to help fund the revitalization.
Two tax incremental financing or "TIF" districts have been proposed.
One site includes the redevelopment of the bluff site, where Trinity Lutheran Church and Fox Rivertyme Banquets are located.
The second proposal is for redevelopment of the former Thompson Community Center, on west College Avenue.
Appleton's Joint Review Board held a discussion on the proposals at city hall Monday.
The TIF's would be used to help property owners and developers with some of the costs of redevelopment, including infrastructure and developer incentives.
City officials say the new districts would be beneficial for the growth of the downtown area.
"From an economic development standpoint, we view TIF's as being an economic development tool to help spur public private partnerships to develop areas that might not develop otherwise," said community and economic development director, Karen Harkness.
The next step for the proposals is a public hearing Tuesday afternoon at 4:00 p.m. at City Hall held by the Appleton Plan Commission.