By Nolan Miles
P3 Kentucky Staff Writer
The city of Dayton, Ky., is bursting at the seams in need of a new city hall. Manhattan Harbour, a residential development along the Ohio River, may be the answer to getting the new city government building the city needs.
Many city officials, including Dayton Mayor Virgil Boruske, want increased tax revenue generated around the developing residential community, which boasts $1 million homes, to pay for the government building.
The money to fund the construction would come from increased property values created by Manhattan Harbour. Known as a tax-increment-financing (TIF) district, tax revenue generated would go back into the infrastructure of the project.
Others in the community disagree, saying the development hasn’t generated enough revenue to fund a city hall project. Currently, Dayton will have to rely on issued bonds and pay the debt over the course of the next few years.
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