City council approves new areas of West Side TIF
Kalispell city council decided to add their "core revitalization area," 364 acres that include the railway corridor within city limits, to the West Side Tax Increment Financing District.
Officials voted 8-1 on the first reading at Monday night's council meeting to add the area because they see potential in the area for private investment. One of the main goals is to eventually remove the railroad tracks that separate sections of the city.
City Manager Doug Russell says he sees nothing but good coming from the passing of this ordinance.
"It offers another tool and another resource that can be used to do some of the redevelopment within the area," Russell explained. "So expanding the tax increment financing district doesn't authorize any expenditures or change any plans but what it does is just offer a tool to use in case any of those opportunities do arise."
The council will vote on a second reading of the ordinance at their Monday, November 19th meeting.