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About $469,000 worth of projects has already been completed. That includes some crosswalk improvements, installation of parking lot lighting and installation of rumble strips. The district is centered around Highland, stretching as far north as Poplar Avenue and south just past Park Avenue. The district was approved by the Economic Development Growth Engine for Memphis and Shelby County in September 2016 to generate revenue for infrastructure improvements meant to draw more residents including U of M students and faculty and businesses to the area. In 2016, it was estimated the TIF would generate about $21 million over 20 years. The district gets 75% of the increased tax revenue generated by the TIF. The City of Memphis and Shelby County continue to get all of the pre-TIF base taxes. ....
Almost five years after plans for a tax-increment financing district meant to revitalize the Highland strip near the University of Memphis was approved, TIF administrators noticed a problem: They weren t getting all the money they had projected. Cody Fletcher, executive director of the University Neighborhoods Development Corporation, a nonprofit that co-administers the TIF district, said as he and other officials were reviewing the income that flowed into TIF coffers in 2018, 2019 and 2020, they noticed a number of parcels originally intended to be in the district weren t. We basically identified the fact that it wasn t performing exactly where it should be, he said. We came to realize the reason for that is there are 645 parcels in this TIF. Somehow in the creation of the TIF, there were 68 parcels that were included in the map. but they were not included in the actual list of parcels. ....
SLATE: Looking for good news Share this story Michael C. Johnson-USA TODAY Sports Looking for good K-State news on a cold, snowy Tuesday. Basketball This probably isn’t the best place to look, huh? Though the results for both the men’s and women’s teams have been depressing, Bruce and the boys will get a boost from the return of freshman guard Nijel Pack who has been in quarantine for the past two weeks. As Drew Schneider points out, his inclusion probably will not be enough secure a Wildcat victory against No. 2 Baylor, but it is vital for this team’s key young pieces to gain experience, and the experience thus far has been much better with the steadying influence of Pack on the floor. ....