FORT PIERRE — The Fort Pierre City Council has agreed to move forward with a planning agreement with H-M-E Management for planning of a development in the northern part of Fort Pierre. The development would use Tax Increment Financing to help develop lower cost housing. A special meeting was held last Thursday to discuss the idea with H-M-E officials. Public Works Director Rick Hahn says a T-I-F would not increase taxes…
The idea brought a series of questions from Councilman Greg Kenzy…
Hahn says that’s not the case…
Hahn says H-M-E will begin Phase I this year with development starting next year and possibly new homes being built by the middle to end of 2022.
