Finney County Economic Development Corporation is working with Western Kansas Corridor LLC on the development of property located at the northeast quadrant of the north interchange of U.S. Highway 50/400 and U.S. Highway 83. … Lona DuVall, President/CEO of the FCEDC said the Western Corridor TIF is … primarily a way for the developer to pay for the cost of establishing infrastructure in a bare piece of agricultural ground by way of utilities, roads, water runoff, etc. … the way Kansas law is written in regards to creating a TIF is the city has to make the termination that the property is either blighted or not producing as much as it could … “With this property being on the intersection of a very highly trafficked highway interchange, we would believe that it has the higher value than just what it’s being currently used for,” she said.
Source: Garden City Telegram
Source: Garden City Telegram
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