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La Salle annexes land for athletic complex TIF district

Posted by wlpo on October 9, 2012

La Salle is larger Wednesday than it was Tuesday, if only by about 80 acres.  A farm field and a couple of homes along Chartres Street, former railroad right-of-way and lots already being used for business have been annexed so the city can continue to create a tax increment financing district to pay for LP High School’s athletic complex.

The land owned by the Cleer Family, Carus Corporation and the Witek’s was annexed under the agreement that property owners wouldn’t have to pay the city’s portion of their property taxes until it’s developed.  And they’ll now be covered by La Salle’s fire and police departments.

The city council agreed to the annexations Tuesday night.  Mayor Jeff Grove says most of the land will be zoned for commercial uses.  No new homes are expected and if one is built, it can’t be a large apartment building.

The city and LP High School want to turn a part of the north end of La Salle along Chartres Street and Raccuglia Drive into a TIF district so money from the TIF could help pay for a new track, soccer field and tennis courts.

Grove thinks they could have the new TIF created by the end of the year.

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