The New Franklin City Council meeting on May 25, 2025, spotlighted significant developments in local economic strategy, particularly through the approval of two tax increment financing (TIF) incentive districts aimed at bolstering infrastructure and development.

The council unanimously endorsed the creation of TIF Districts 1 and 2, which are designed to facilitate new developments along Turkey Foot Lake. These districts will allow the city to capture future tax revenues generated by the new developments to fund necessary infrastructure improvements. This move is seen as a vital step in addressing current infrastructure inadequacies that could hinder proposed projects.

Council members discussed the legal framework surrounding the TIFs, with attorney Jason Butterworth providing insights into the process. He emphasized that the formation of these districts is a common financing tool across Ohio, aimed at ensuring that the infrastructure can support the anticipated growth. The council confirmed that the existing infrastructure is insufficient for the developers' plans, necessitating these new districts.

The approval of these ordinances marks a crucial advancement in New Franklin's economic development efforts, with the council expressing optimism about the potential for growth and improved public services. As the city moves forward, the focus will remain on ensuring that the infrastructure meets the needs of the community and supports sustainable development.