City commission approves properties for tax incentives
Tuesday, June 25, 2024
The Fort Scott City Commission on June 18 discussed Reinvestment Housing Incentive Districts and approved creation of a RHID for three downtown buildings and one tract of private land in Fort Scott.
“It’s a TIF (tax increment financing) for housing,” Bourbon County Regional Economic Development Director Robert Harrington said, adding a RHID will pay for streets, sewer, water and other infrastructure, as well as upper-story living in the downtown area. “It will pay for everything you can’t pull out of the building such as drywall, nails, boards …”
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