Lower Macungie Commissioners Voice Support For Costco Tax Financing

English: This is a logo for Costco.

English: This is a logo for Costco. (Photo credit: Wikipedia)

Lower Macungie commissioners Thursday formally made known their unanimous support of tax financing for the proposed $140 million Costco-anchored shopping center in their township, and they’re asking Lehigh County commissioners to back it as well.

Township commissioners decided at their meeting to send a letter to the county board, urging it to approve a controversial tax increment financing plan for the Hamilton Crossings shopping center and allow development of a project that would bring tax dollars and jobs.

County commissioners twice have put off taking action on the proposal.

The township board had hoped to vote Thursday on the TIF proposal, which would allow up to $7 million in tax dollars generated by the shopping center be used to finance the work.  But they said they’re required to wait until after the county commissioners chime in.

Read more: http://www.mcall.com/news/local/eastpenn/mc-lower-macungie-costco-0620-20130620,0,5470365.story#ixzz2WrZev4ym
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