Herald Journal, April 7, 2003
Downtown Winsted TIF district to include all of Main Ave.
By Julie Yurek
Main Avenue will be the largest portion of the redevelopment Tax Increment Financing (TIF) district in downtown Winsted according to discussion at the Winsted City County Tuesday.
The city council hired David Drown Associates to assist the city in creating the TIF district at a cost not to exceed $7,500.
The proposed redevelopment area begins at the former Waste Management site and then east on Main Avenue to the intersection of First Street. Portions of First Street and Second Street may also be included, said City Administrator Brent Mareck. The city will send out letters to owners in the proposed district, he said.
Council member Pastor Gerald Boldt suggested that DairiConcepts be added into the proposed district in case that company would ever need to expand, he said.
Shannon Sweeney of David Drown Associates explained that another district can be added to accommodate the business at a later date, he said, but added that it would save the city money by adding DairiConcepts to the district now instead of later, he added.
The proposed TIF district could be approved as early as June and building permits in the district may be issued shortly after approval, according to a rough timetable by Sweeney.