WIUM Local
4:10 pm
Wed August 24, 2005

Havana to Add TIF District

Havana, IL – Havana is establishing a new 20-acre Tax Increment Financing District that will include a $5.5 million dollar expansion in riverfront facilities. Mayor Dale Roberts says Sunrise Ag plans to build a dry fertilizer facility and a petroleum bulk plant. The firm will also rebuild a dock that will be available for public use. Roberts says the city will return $750,000 from the TIF district to help cover the cost of the dock. Roberts says the expansion will strengthen the town's riverfront industrial capability and should help attract industry. In addition to rail and highway access, a railroad spur would be extended to the plant area in a later phase of the project.