PIERRE — The City of Pierre has closed out the books on the first ever use of one of the few economic development tools at a city’s disposal, the Tax Increment Finance district or TIF. Finance Officer Twila Hoffrogge asked City Commissioners last week to approve ending TIF number four…
Hoffrogge says the resolution by the Commission is needed to pass along to the state…
Commissioner Jamie Huizenga says TIF number four did what it was supposed to…
A TIF was recent put in place for the development of the former city hall site and was also used to help bring Menard’s to Pierre.
