Half a million in TIF for former Meadow Gold milk plant
The Lincoln City Council today considers approving more than a half million dollars worth of tax increment financing, or TIF, to help developers convert the former Meadow Gold milk processing plant into mixed uses for now, and commercial and residential uses later.
According to city documents, they will be converting the plant into “high tech industrial manufacturing,” office space and a brewery. The public assistance (TIF) “may” be used for streetscape and facade improvements and geothermal energy improvements.
Since the city declared that area south of the Haymarket blighted way back in 1984 (and again for the arena project, I believe), that opens the door for this kind of redevelopment.