Lee County 7 29 20
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City eligible for tax credits toward sports complex
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The city of Camden has received good news regarding financing for its proposed sports complex. Based on its establishment in October of a tax incremental financing (TIF) district for improvement of approximately 127 acres in the West DeKalb Street area, the city became eligible to apply for -- and received confirmation Thursday of its qualifying for -- new markets tax credits to help in construction of the complex. Camden Mayor Jeffrey Graham said the city would be eligible to receive 22 percent funding of the total $5 to $6 million sports facility project, which translates to $1 to $1.5 million.