$12.5M Preacher Smith/The Ridge TIF approved with $2M for turning lane

Land near the Preacher Smith Monument near Deadwood has been cleared to make way for The Ridge Development. Pioneer photo by Jaci Conrad Pearson

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DEADWOOD — Monday, the Deadwood City Commission approved a project plan for and resolution to create Tax Increment Finance District (TIF) #14, a $12.5 million TIF request that grew from an original $10.5 million in order to pave the way for an eventual turning lane into the development, estimated to cost $2 million.

While this is yet another phase in the TIF approval process, Commissioner Sharon Martinisko said for the binding agreement, the developer’s agreement, she will want to see a serious cost-breakdown of the numbers involved in the TIF expenses to justify the costs and eventual expenditures.


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