Tax plan approved to cover cost of work at downtown intersection

At Tuesday night’s city council meeting, the Community Development Agency gave final approval for tax increment financing to pay for qualifying portions of the Cabela’s project at 13th Ave. and Illinois.

Tax increment financing involves paying for a project that will increase the value of an area by recapturing the raised taxed value of the area over a time period after the project is complete.

A little more than a year ago, the CDA and city council approved a redevelopment plan for 13th Ave., at the building that was formerly Cabela’s headquarters. The facility was used for storage...