TIF tax meeting in Marshall Co.

By: Teddy Safo Email
By: Teddy Safo Email

MARSHALL COUNTY, Okla. -- A proposed tax increment finance zone in Marshall County is a long way from becoming reality, and for many it's a long way from making sense. On Monday, two stakeholders in that proposal met to talk about how a 'TIF' would help a planned resort development at Lake Texoma.

Tax increment financing, or ‘TIF’ for short, would allow the county to apply a certain part of a local tax to help finance a project. On Monday, Pointe Vista officials sat down with Marshall County commissioners to explain what and how a TIF would work.

The challenges about the TIF tax include first understanding how it works and if commissioners believe it will benefit the county.

Pointe Vista officials say a TIF will keep Marshall County residents from having to finance part of the project because tax money from the property being developed would go towards building the infrastructure around the future Pointe Vista site such as roads and sewer systems

But first, commissioners and Pointe Vista developers would both have to agree on how to design the TIF plan.

"If we can design the TIF tax we want, I’d be for it, but if county commissioners can’t design the sales tax and motel tax like we want it, I wouldn't agree to it." District 2 commissioner David Brown says.

Commissioners voted Monday to have a preliminary study done to see if a TIF is even needed.

Commissioners are expecting the results of the study in about six weeks.

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  • by James Earl Location: Marshall County on Nov 6, 2007 at 02:10 PM
    If Pointe Vista can't afford to reivate it why did they buy it. I didn't get any help when I built my hotel. If they can't afford the upgrades they shouldn't have bought it.
  • by Karyn Location: Kingston on Nov 6, 2007 at 01:19 PM
    I would like to know if this is going to hurt our school system, Southern OK Nutrition Programs, etc
  • by Anonymous Location: Durant on Nov 6, 2007 at 09:24 AM
    My mother lives in Marshall County and I commend Mr. Brown for not agreeing to anything without facts and how it would help the people of Marshall County. I belive it is the smallest county in Oklahoma and there's really not much to tax.
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