Greenwood says state law is on its side and would allow the city to spend $10 million in tax dollars from a tax-increment financing district on a new aquatic center at Freedom Park.
The Clark-Pleasant school district and a resident who’s concerned with the cost of the project disagree and say the law requires that such a project must be located in the TIF district. They say Greenwood needs to find another way to pay for a new pool, such as by borrowing money and going to a referendum.
Greenwood cites a part of the law that says a city can spend tax
increment financing district dollars on projects that are outside of the redevelopment areas, as long as the projects directly serve or benefit the areas. The school district and the resident cite a different part of the law that says the money can pay a city’s debt on loans for projects that are in or physically connected to a redevelopment district.