The Fitchburg City Council is poised to consider using a dynamic public financing tool to pave the way for a future medical technology campus off of Highway 14.
Mayor Aaron Richardson wants to create a tax incremental financing (TIF) district to develop an undeveloped, tillable field sprawling from south of Haight Farm and Lacy roads to the east of South Syene Road. The development, with the moniker Hartung Fields, includes land for science, technology and lab companies that the city hopes can expand its tax base and complement other clusters of nearby med-tech facilities.
With a shortage of lab space in the greater Madison area, the development would be an ideal place for laboratory facilities to establish themselves, said Michael Zimmerman, Fitchburg’s economic development director.
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