Missoula mulls tax incentives to benefit ex-lumber mill site
August 15, 2011 | 5:38 pm CDT

BONNER, MT -- Plans to stimulate redevelopment of the former site of Stimson Lumber into an industrial park is being considered by the Missoula County Board of Commissioners.

Stimson closed the facility two years ago and has been trying to sell it ever since, according to the Missoulan.

County commissioners are looking into setting up a tax-increment district to stimulate redevelopment of the site. Local governments would forgo receiving tax revenues from businesses that buy into the proposal for up to 20 years so that money could be used to improve infrastructure such as water and waste treatment, the newspaper noted. However, the move could create jobs.

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