Kentucky’s economic development cabinet has granted final approval for a special taxing district near the University of Louisville’s Belknap campus.
The over 900-acre tax increment financing district is the largest ever approved by the state. The TIF program will allow U of L to keep a portion of state and local taxes generated within the district.
U of L President James Ramsey says the district will help finance an engineering and applied sciences research park, much like the healthcare facilities developed in the downtown TIF district.
