All of Greenwood’s economic development areas now allow for collaborative partnerships with the county, townships, libraries and schools.
The city council voted unanimously Monday night to make changes to the Fry Road and U.S. 31 economic development plan, which would allow for collaborative projects, where city tax dollars could fund portions of projects for the schools or library, for example.
It was the only one of four TIF districts in the city that did not allow for these kinds of partnerships.
The goal of the collaborative projects program is to give the city’s redevelopment commission the ability to work with and help fund projects that would be mutually beneficial to both the city and other governmental agencies that have property overlapping with the TIF district.
In this case, that’s Johnson County, the Solid Waste District, Pleasant Township, Greenwood Public Library and Greenwood Community Schools.
The Fry Road and U.S. 31 TIF district covers 286 acres and includes all properties in and around the Greenwood Park Mall, as well as those located on the west side of U.S. 31, and in the Spring Hill neighborhood south of Fry Road.
