Remsen urban renewal district in the works
(08/11/08)
Creation of an urban renewal area in Remsen could generate money to extend public utilities to a new business and tear down old buildings in its downtown. An urban renewal area is a district which designates where Tax Increment Financing (TIF) revenue can be spent. TIF is created based on taxes from designated structures built within the district. Those taxes can be collected for 20 years...
