City leaders hope new TIF for Crafty Fox building anchors 'revitalization of downtown Mitchell'
When the remodeling of the downtown building is complete and the neighboring lot across the street is fully developed into parking garages with a commercial building, project leaders say the improvements are estimated to boost the assessed tax valuation of the area in the TIF boundary to roughly $3.5 million, which currently has a tax base value of $45,070.
Source: mitchellrepublic.com