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City of Beatrice clears path for tax increment financing around old school sites
16 Apr 2024
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The Beatrice City Council has declared three current elementary school buildings blighted and substandard. The move opens up the possibility of tax increment financing for development of the sites, once the buildings are demolished. Beatrice Public Schools will begin using a new prekindergarten to fifth grade building this coming school year.
City Administrator Tobias Tempelmeyer says the sites qualify under state law to be declared blighted. "Largely, part of it is that any building that is over 40-years of age is automatically designated as blighted and substandard. Well, everybody knows the buildings themselves are all over 40-years of age, so it checks that box and qualifies."
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