By Paul Schmitt
A new housing project on Algoma’s south side is getting closer to final approval by the City of Algoma. The future development would be a 12 unit complex. City Administrator Jeff Wiswell says the plan is now working its way through the plan commission and finance committee before final approval by the city council in December. He says the project will offer other benefits to the city besides more housing.
Wiswell says a new TIF (Tax Incremental Financing) district will have to be formed along with a redevelopment zone. A redevelopment authority was created at the last city council meeting earlier this month, according to Wiswell.