What’s the Latest on the Proposed TIF?

The Derry Township School Board will decide on Monday, March 27, whether to support the concept of a Tax Increment Financing as the appropriate public private partnership to enable the Hershey Towne Square project to move forward. The proposed TIF would support the construction of a multi-level public parking structure on site, which would allow the higher density mixed-use development to occur on the 4.3-acre parcel along Chocolate Avenue between Ridge Road and Linden Road.

The Downtown Hershey Association Board supports the project and believes it to be consistent with the guiding principles contained in the downtown master plan, Downtown Hershey: A Plan for Continued Revitalization. The plan supports the expansion of the tax base within the core downtown, higher density, mixed-use development, and structured parking, in addition to creating more street-level activity and encouraging the use of diverse construction materials and architectural styles. The organization also supports the proposed TIF as an appropriate public private partnership to catalyze economic development and private investment in Downtown Hershey and allow the project to move forward.

The school board meeting on Monday is open to the public and will be held at the Derry Township School District Office, Board of Directors Room, 30 East Granada Avenue, Hershey. For more information about the TIF and the proposed Hershey Towne Square project, check out our blog post, A Big Idea for Downtown Hershey.