Chickasha TIF District #2 to become active January 1

October 22, 2024 By admin Off

The Chickasha City Council has passed a resolution setting the effective date for the first of two tax increment finance (TIF) districts approved in September.

A map of downtown Chickasha showing the boundaries of TIF #2. The district extends from buildings on the north side of Choctaw Ave. to the south side of Kansas Ave. (west of 3rd St.) or to Iowa Ave. (east of 3rd St.). It is bounded by 6th St. to the west and by the railroad tracks to the east. — *The district, identified as “TIF A” in the project plan, will be identified as “TIF #2” once active.*

The resolution passed by a vote of 6–3, with council members Smith, Alexander, Nelson, Ginn, Hebblethwaite, and Mayor Grayson voting in favor, and council members Burruss, Gerdes, and Boyd voting against. The district, designated TIF #2, will become effective on January 1, 2025. It will expire June 30, 2050.

The new TIF district, which covers most of downtown Chickasha, will make funding available to improve water and sewer services throughout the city. It also creates options for the city to provide incentives for privately-funded public infrastructure improvements. The downtown district was selected based upon its known utility deficiencies that have hampered redevelopment, including activating upper floors of historic buildings. However, the designated TIF project area allows for improvements to be made well outside of downtown.

CategoryIncentives & Programs

Chickasha TIF District #2 to become active January 1

Chickasha Economic Development Council