Yukon officials are floating a big idea and they want residents to weigh in. City leaders are asking the public for input on a plan to use a tax‑increment financing district to help bankroll a $73.6 million mixed‑use development just east of Yukon High School. The proposal calls for a youth sports complex, medical offices, a hotel and several restaurants, and city leaders say the buildout could draw more than $138 million in private investment. Two public hearings are set for 7 p.m., one Wednesday and another on April 30, both at the Centennial Building in downtown Yukon.
The city’s draft Project Plan pegs the “total of all authorized Project Costs” at roughly $73.64 million and estimates about $138.6 million in capital investment with nearly $698.4 million in projected taxable retail and construction sales. The document details which revenues the TIF would capture, including ad valorem, sales and hotel tax increments, and anticipates the district would run for 25 fiscal years. Those projections and the draft financing structure are laid out by the City of Yukon.
Damien Denmark, Yukon’s economic development director, told KOCO that the city is willing to shoulder an up‑front risk because “This will generate the revenue to really support the city.” He described the TIF as a tool meant to jump‑start private investment that city leaders say is unlikely to take off on its own…