Centerville considers TIF for $2M development

The City of Centerville is considering a Tax Increment Financing (TIF) district for a potential $2 million mixed-use development on city land, the Dayton Daily News reports. Centerville Development Director Michael Norton-Smith said the city is negotiating with “a first end user” of the 7.5 acres at the corner of Yankee Street and Social Row Road for a project that would involve “a mix of office and commercial uses,” according to the article. Plans “show two buildings — including one labeled as a possible restaurant — for the site,” which can accommodate 75,000 square feet according to city records. The TIF would generate revenue for public improvements. For more, read the full article.

Economic Development, Financial Incentives, State Updates