The Morrison Drive TIF consists of 253 acres that will be separated into 3 revenue sources:

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1. Laurel Island Property

• Developer maintains exclusive use of proceeds for roads, utilities, parks, and connections to Laurel Island both on and off-site

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2. Morrison Yards

• Gives priority of TIF funds to projects associated with Morrison Yard Apartments and the Office at Morrison Yards

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3. Remaining Properties

• Prioritizes City projects including Singleton Park, Cool Blow and Nassau Flooding Improvements, and miscellaneous sidewalk projects

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• Allows for TIF funds to be used for off-site neighborhood/traffic improvements

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The Public Infrastructure Improvements Agreement is available for review here.