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Dillon city council thinking about installing a TIF district to preserve town

Posted: Oct 25, 2012 4:25 PM by Katy Harris KXLF News
Updated: Oct 25, 2012 7:08 PM

Dillon city officials are thinking about installing a tax increment financing district to preserve the historic town.
Several buildings in Dillon were built in the late 18-hundreds and early 19-hundreds.
Dillon city council is thinking about implementing a TIF district.
Those monies coming from the district would go towards renovating and upkeep on downtown buildings.
Right now a TIF feasibility study is underway.
It will help council determine if a TIF district would benefit the city.
That study will last for about 6 months.
Then council will take a look at the numbers and decide to move forward on the proposal or not.

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