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The Port Authority continued work on a five-year economic development plan and supported broadening the availability of tax-increment financing funds beyond restaurants. Discussion of additional plan priorities will continue at the next meeting.
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The draft plan is intended to guide economic development priorities and new initiatives over the next five years. Commissioners favored continuing community investment while allowing the funding program to support more types of businesses, including retail and hotels. A request for proposals for the Speedway site was issued in January and will remain open through the end of February.
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