The Quincy/Adams County/Brown County Enterprise Zone started in the 1980s, originally covering 12 square miles in Adams County. It reached to Mount Sterling in 2006 to work with Dot Foods, which is headquartered in the city.
Exciting 8 Phase Riverfront Rollout
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One of the biggest storylines locally of 2020, besides COVID-19 and everything surrounding the pandemic, was the planning of the new riverfront development along the Mississippi in Quincy. We took the surveys, and did all the talk backs, and Q&A sessions, and now we are here in early 2021 getting an idea of what the plan is and how it will be implemented.
According to our friends at the Herald-Whig, to see the article CLICK HERE, the new plan for the riverfront here in Quincy will be rolled out over 8 different phases, in the article they say.
QUINCY â Preliminary talks are underway to create a new tax increment financing district in the Quincy Mall area, which recently was announced as the site of a new 25-bed hospital for Quincy Medical Group.
Tax increment financing works by capping the value of a designated area determined to be âblightedâ by a third party under criteria written into state law. Any property taxes collected on the land up to the capped value go into the cityâs general fund. Property taxes collected above the base value get diverted into a special account reserved for economic development purposes.
Local governing bodies such as school and park districts would continue to receive tax revenue up to the base value of properties within the TIF district but would derive no additional revenue if the value of any parcel improves.