City leaders want the Mobile County Commission and the school system to forgo future revenue along Dauphin Island Parkway as part of a plan they hope will spur private development.
The Tax Increment Financing District would create a fund that would pay for certain improvements, such as lighting, landscaping, parks and road upgrades. The hope, according to city officials, is that the public investments would make the area more attractive to private development.
At a special meeting of the council Tuesday, Small told fellow council members that the south Mobile area has been left behind.This map shows the areas of a proposed Tax Increment Financing District in south Mobile. It would divert some property tax revenue from the County Commission and school system to a city fund to pay for improvements to spur development.
“That’s the city’s theory,” he said. “The county, you know, would arguably support it if they vote in favor of it.”
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