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Techniques
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- Tax Increment Financing (TIF)
Muskego has a history of using TIF districts, which are allowed to
borrow against future tax revenues to spur new private development and
tax generation.
- Business Development Corporation
The need for a quasi-public development corporation depends on how
aggressively the City wants to pursue a new business park or office
campus and the level of direct public marketing and management that
will be required.
- Industrial Development Revenue Bonds
The double tax-exempt status of these bonds allows the bond issuer to
offer a much lower interest rate than what is available in private
capital markets. Typically, a municipality develops certain criteria to
establish eligibility and allowable debt, such as number of jobs
created or the amount of overall capital investment.
- Revolving Loans
Muskego should consider providing lower interest funding from the City
to specific types of non-retail/employment-based "new economy"
businesses.
- Design Review Committee
The development of a quality business park will require a high degree
of design oversight. The committee would act in an advisory capacity to
the Planning Commission and would help lessen the fears within the
community regarding the design of new developments.
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