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Abilene City Council to discuss potential second Tax Increment Reinvestment Zone

By Cassandra Webb, cwebb@ktxs.com
Published On: Nov 18 2013 04:06:52 PM CST
Updated On: Nov 18 2013 04:07:02 PM CST
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ABILENE, Texas -

The Abilene City Council on Thursday will consider creating a second Tax Increment Reinvestment Zone aimed at prompting development.

These were formally known as "TIFs," or tax increment finance zones.

One already exists for downtown. Now, the council is moving to create one for a corridor through Pine Street and Ambler Avenue all the way to the Hwy 351 area.

Also Thursday, the council may authorize a $315,000 contract to replace the concession stands and restrooms at Sears Park.

The council may move forward with a new contract for the Abilene Regional Airport's gift shop; the current gift shop operators don't want to renew the contract, but the owner of the airport restaurant wishes to take it over.

We'll continue to bring you the facts as we get them in.