Urban Renewal Panel Votes To Aid Car Shop
A car repair shop may become the second business in Post Falls to benefit from special financing help from the city’s Urban Renewal Commission.
B&B Automotive needs a sewer line extended to a new site near the intersection of Adeline Road and Seltice Way.
Harper’s Inc. was the first business to get tax increment financing, a means of redistributing taxes to build infrastructure for business and industrial development.
The Urban Renewal Commission voted Tuesday to provide funding to $70,000 to put in the sewer line.
B&B’s taxes will go to repay part of the sewer line. Other new businesses using the sewer line in the West Seltice Urban Renewal Project will help pay back the Urban Renewal Commission for the line, under an agreement that still needs City Council approval.
City Administrator John Hendrickson said the commission agreed to help B&B Automotive because the West Seltice site is more appropriate for the repair shop than its present location downtown.
“We’re slowly getting our infrastructure in place. That’s one of the major objectives of Urban Renewal,” Hendrickson said.
, DataTimes