TID 5 proposed map

The Waterloo City Council this month voted to start working toward the creation of a new tax incremental finance district on the city’s west side to promote economic development, including the addition of a potential 96-unit apartment complex.

The council authorized contractor Non-Metro Connections to begin creation of a map and project plan, including anticipated development projects, for what would be the city’s fifth tax incremental district, or TID.

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