City of Lakeland enters 2nd TIF development agreement
Lakeland City Manager and Industrial Development Board President Michael Walker (in a file photo) said Thursday night, “This is the next step on our journey on the Safety TIF, or the Safe City TIF.” (Michael Waddell/Special to The Daily Memphian)
Lakeland is rapidly becoming “The Land of TIF.”
With four Tax Increment Financing projects in various stages of development, the city and developers are using money generated from the process to help pay for expensive infrastructure.
On Thursday, Nov. 21, the Lakeland Industrial Development Board unanimously approved a development agreement with the suburb for the Safety TIF district at U.S. Highway 70 and Seed Tick Road.
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City of Lakeland tax increment financing Seed Tick Road Michael Walker Subscriber OnlyThank you for supporting local journalism.
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Michael Waddell
Michael Waddell is a native Memphian with more than 20 years of professional writing and editorial experience, working most recently with The Daily News and High Ground News.
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