Council OKs new TIF district for armory redevelopment

City of Brookings image: The area outlined in yellow is Tax Increment Financing District No. 12, which surrounds the old armory and adjacent city parking lot in downtown Brookings. The armory will be renovated and rehabilitated into business space, and the parking lot will become the site of a new parking garage and hotel. A TIF district helps pay for infrastructure improvements using growth in property tax revenues.

BROOKINGS – Brookings city councilors voted 7-0 last week on a pair of resolutions creating boundaries for and adopting a project plan for Tax Increment Financing District No. 12 in the city. The new TIF district surrounds the old armory and an adjacent city parking lot in downtown Brookings.

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