Tax Increment Reinvestment Zones (TIRZs) are special zones created by City Council to attract new investment in an area. These zones help finance costs of redevelopment and promote growth in areas that would otherwise not attract sufficient market development in a timely manner. Taxes attributable to new improvements (tax increments) are set-aside in a fund to finance public improvements within the boundaries of the zone.
- At the October 19, 2021 City Council Meeting, the City Council voted to set a public hearing for November 2nd regarding the creation of a Tax Increment Reinvestment Zone (TIRZ) containing approximately 295.44 acres of noncontinguous land generally located north of Bailey Boswell Road, North of McLeroy Blvd. and West of Saginaw Blvd., and being wholly located within the Corporate Limits of the City of Saginaw.
- At the November 2, 2021 City Council Meeting, Ordinance No. 2021-24 was approved (Creation of Tax Increment Reinvestment Zone containing approximately 295.44 acres of noncontiguous land generally located north of Bailey Boswell Road, North of McLeroy Blvd. and West of Saginaw Blvd., and being wholly located within the Corporate Limits of the City of Saginaw).
