The City of Marinette Plan Commission received a summary from Ehlers Public Finance Advisors regarding the resolution establishing the boundaries and approving the project plan for Tax Incremental District 15 also known as the former Fleet Farm Property at their regular monthly meeting. Joe Ehlers of Ehlers Public Finance Advisors says, “the city has had discussions in the past for development on this site, which has included the development of residential, a potential hotel, and other commercial development around the site.”
Marinette Mayor Steve Genisot says, “right now by establishing the TID it gives us the opportunity to continue our discussions with developers to attract them to our community.”
TID 15 will be on the next council agenda which is scheduled for March 7th for their approval. If approved, it will then go back to the Joint Board of Review a week later where TID 15 will be established.