CRESTVIEW Area planners and community leaders have been warming to the idea of establishing a tax increment financing district to fund needed local transportation projects such as the much-discussed Antioch Road/P.J. Adams Parkway bypass around Crestview.


CRESTVIEW Area planners and community leaders have been warming to the idea of establishing a tax increment financing district to fund needed local transportation projects.



The Crestview Area Chamber of Commerce Government Issues Committee will host a Dec. 2 panel discussion to consider the idea's feasibility. The workshop is open to the public.



A TIF, as the plan is known, "is neither the creation of, nor an increase in taxes," committee chairperson Muncelle Mitchell said.



Under a TIF, the property tax rate in effect when the plan is adopted is used as a base. The difference in any subsequent tax increases is applied to a specific project the TIF was established to fund.



Recently, a TIF has been suggested to finance widening the P.J. Adams Parkway and Antioch Road corridor to create a southwest bypass around Crestview.



A panel including City Planner Eric Davis, former Supervisor of Elections Pat Hollarn, county Growth Management Director Elliot Kampert and Economic Development Council Vice President Kay Rasmussen will discuss TIFs and their viability.



Chamber of Commerce President Dennis Mitchell will serve as moderator.



Want to go?



WHAT:Tax increment financing workshop



WHEN:5:15 p.m. Dec. 2



WHERE: Crestview Area Chamber of Commerce office, 1447 Commerce Drive



DETAILS: Public panel discussion exploring tax increment financing as a means to fund transportation projects. Light refreshments served.



Contact News Bulletin Staff Writer Brian Hughes at 850-682-6524 or brianh@crestviewbulletin.com. Follow him on Twitter @cnbBrian.