|Aurora steps toward TIF districts|
|Written by Chandra L. Mattingly|
|Monday, January 28, 2013 4:12 PM|
In an effort to entice new businesses, three Aurora governmental bodies approved resolutions Monday, Jan. 21, declaring two areas in the city economic development areas.
The larger EDA runs on the river side of U.S. 50 from Aurora Lumber downriver between the highway and the Ohio River to George Street, then continues south including Consolidated Grain. It crosses Hogan Creek and includes the lower part of downtown Aurora, including the failed condominium project at the river end of Second Street, and south to Lesko Park. Bob Evans Restaurant is included, but the area has no residences, Aurora Attorney Jeff Stratman told the Aurora Redevelopment Commission Jan. 21.The smaller EDA in Aurora's Cochran area includes a bulk storage area that's undergone no improvements, a wooded area owned by CSX Railroad, and the CSX Railroad spur, said Stratman. It would be a good area for economic development because of its location near U.S. 50, its industrial zoning, and the railroad spur, he said.
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