Janesville Road Businesses Could Get Additional Boost from City
Interest in business renovations accompanies Janesville Road facelift, prompting city planners to consider extending special taxing district so businesses would be eligible for loans.
Some businesses along the Janesville Road corridor have come under fire for looking like eyesores, so the city is considering helping them out by extending a special taxing district - which would make them eligible for low-interest loans. Tax incremental financing districts are set up by cities to encourage business development. Typically, TIF districts are used to fund public improvements, like sewers and roads, on new development. However, Muskego and other cities also use TIF funds to make loans to businesses within a TIF district, Owners use that money to make improvements to their businesses, which should boost their property values. The additional tax revenue generated by the improvements then goes toward paying off the loans. …
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Concerned Citizen
3:20 pm on Thursday, May 3, 2012
Matty's brunch is insanely good - I dream about their Eggs Benedict!!!! And can't wait for summer brunches on their new "Matio"!!!!! more ›