Time to wrap up our conversation with Sturgeon Bay City Administrator Steve McNeil about tax incremental financing.
The city is in the process of creating its fourth tax increment district as part of the proposed redevelopment of the west waterfront.
McNeil says the TID creation process is an involved one, with approvals required by the city's Plan Commission, City Council, Joint Review Board and ultimately the state Department of Revenue. McNeil says members of the public are encouraged to provide input throughout the process.
The Plan Commission recently approved the proposed TID No. 4 project plan as well as an amendment to remove some territory from TID No. 2.
The City Council is expected to take up the proposal March 19. If aldermen give the okay, it would head to the five-member Joint Review Board, probably in April.
The Joint Review Board is comprised of one representative from each of the four taxing entities (city, county, school district and technical college) and one member of the public. Members are Sturgeon Bay Mayor Thad Birmingham, Door County Administrator Maureen Murphy, Sturgeon Bay School Board member Jacob Schulz, NWTC Chief Financial Officer Jim Blumreich and citizen member Bob Starr.
You can view the project plan for TID No. 4 here.
