March 10 | City of Rogers Council Meeting

The City of Rogers Council held a meeting on March 10, 2026, primarily focused on the establishment of Redevelopment Tax Increment Financing (TIF) District Number 19 to support a multifamily housing development at 21601 John Deere Lane. The council reviewed and approved the TIF plan and agreement, which includes a maximum budget of approximately $29.2 million and authorizes up to $7.6 million in tax increment assistance to the developer. The assistance is structured as a pay-as-you-go TIF note payable from 80% of the district's tax increment over a maximum of six years, with provisions for adjustments based on actual project costs and returns. The TIF district will also fund infrastructure improvements, notably the John Deere to Industrial connection, with up to 10% of the increment allocated for this purpose. The council discussed the project's alignment with economic development goals, the necessity of public assistance due to site contamination and substandard buildings, and protections to ensure taxpayer risk is minimized. The public hearing was closed with a motion passed to approve the TIF plan, agreement, and related interfund loan authorization for reimbursement of upfront costs.