Stoneybrooke TIF Repayment
The City of Chillicothe’s repayment of the Tax Increment Financing for the Stoneybrooke Development on the south end of Chillicothe is going well. Chillicothe City Administrator Darrin Chappell says the repayment is through the taxes generated in the district.
Chappell says if the economy changes and the total financing of $12.3 million dollars is not paid in 2027, the City is NOT responsible for the balance.
The final payment is due in April 2027.