
Londonderry is considering asking voters to approve a Tax Increment Financing district to attract businesses to Pettengill Road, according to the Union Leader.
The Town Council would have to hold several public meetings to refine the TIF, and then it would have to be approved by voters at Town Meeting next March.
A TIF is a special district encompassing a specific area of the town that is formed to provide specific funding for the targeted area to fund infrastructure improvements.
[Read the full story here.]
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.