The Town of Lexington is requesting participation from Lexington County, Lexington School District One and other related taxing authorities to implement a Tax Increment Financing (TIF) District for the Corley Mill/Sunset Blvd. Gateway Corridor.
In the proposed plan, Hospitality Tax Revenue would be combined with revenues from the TIF District to fund significant roadway and intersection improvements to the Corley Mill/Sunset Blvd. Gateway Corridor. The traffic improvements are based on a comprehensive traffic study of the entire area and would result in substantial improvement of service beyond the year 2040.
Lexington Town Council will be presented with the entire plan at their March 6, 2017 Council Meeting. After the presentation, Council will consider first reading of the TIF district, which will be on their agenda.