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Council approval for Bohemian Colony Project

Posted at 9:01 PM, Aug 18, 2020
and last updated 2020-08-18 22:01:38-04

City Council gave final approval to the creation of a tax increment financing district in the westside.

The creation of TIRZ 5 was a crucial first step for the proposed Bohemian Colony Project during its meeting on Thursday.

A plat of just more than 280 acres of land in the area of Greenwood and Holly will make up TIRZ 5.

The project calls for nearly 800 townhomes, a 10-acre, $3 million community park and a 40-acre commercial space.

Under the agreement, the developer will invest $230 million in the project including infrastructure.

The agreement also includes construction milestones that the developer must meet.