New TIF may help lure VW plant
Thursday, May 08, 2008
By BOB LOWRY
Times Staff Writer
bob.lowry@htimes.com
Bill would double Huntsville's abilityto use financial tool
MONTGOMERY - As a potential lure for a Volkswagen assembly plant, the Alabama Legislature is considering a bill that would permit Huntsville to more than double the amount of money that can be leveraged through Tax Increment Financing districts.
A Senate-passed bill cleared a House committee Wednesday and will be up for final passage by the full House on May 19 - the final day of the regular session. The TIF could be used as a financing tool to build roads, sewer and other needs for an industrial park. Huntsville used a TIF to help lure the Toyota engine plant.
http://www.al.com/news/huntsvilletimes/ind....xml&coll=1
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VW looking at Limestone County site
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