By CARLA SLAVEY
Commonwealth Journal Dec 14, 2020
Dec 14, 2020
SPEDA President/CEO Chris Girdler, left, was among local leaders discussing the possible creation of Tax Increment Financing (TIF) districts. Governments use TIF districts to help develop unused or blighted properties. Carla Slavey
Members of the Somerset City Council held a workshop Thursday to go over any final questions councilors may have ahead of Mondayâs vote on whether or not to approve two Tax Increment Financing (TIF) districts.
One of the proposed districts cover areas in downtown â specifically around Cundiff Square and the former oil refinery â while a second are covers land surrounding the Somerset Community College, the Lake Cumberland Regional airport, and undeveloped land along U.S. 27 south of Loweâs.