ARDMORE, Okla. -- Ardmore city leaders signed off on a deal to buy 20 acres of land for Plainview Schools at Monday night's city commissioners meeting.
Some residents say they thought the city had bought the land outright using city street funds. Ardmore mayor Bob Guerin says the money instead came from the tax increment financing fund.
City manager Dan Parrott says the TIF fund is a huge benefit for the community.
"Anytime you have money to put back in the infrastructure without having to raise taxes, it’s a benefit. It doesn’t cost the tax payers anymore, there’s no cost to them," Parrott said.
After the deal is completed, Plainview will look into building a new elementary school.
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