Urban Renewal Areas/Plans
In 2012, an Urban Renewal law changed which states that in order to consider using Tax Increment Financing (TIF) for a project, the project must be stated in the Urban Renewal Plan. This is requiring the City of Clinton to evaluate all existing Urban Renewal Areas to determine if an update to a plan is needed. Below is a list of Urban Renewal Plans that have been updated, as well as existing areas with plans that have not been updated.
Central Business District
The Central Business District Urban Renewal Plan was originally established in 1981 and was amended for the seventh time on July 9, 2013. This area covers a majority of what is considered Downtown Clinton.
Active economic development agreements within the area include an Economic Development Loan with Hy-Vee.
Clinton Business Park