Comment on Stamford looks to fund Mill River Park improvements

Stamford looks to fund Mill River Park improvements

City Director of Administration Michael Handler said the move is driven by a drop in interest rates which limits the city's risk in assuming the debt and will produce $5 million in in saved interest payments. Tax increment financing is a special funding tool which issues bonds to generate money to invest in improvements to an area which are then paid back by a portion of real estate taxes of property owners in the district. City Rep.

 

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