TIRZ #6 board approves Barisi Village TIRZ project and financing plan, but some hurdles remain

TIRZ #6 board approves Barisi Village TIRZ project and financing plan, but some hurdles remain

The Tax Increment Reinvestment Zone #6 (TIRZ) board has approved a preliminary financing plan for the long-awaited Barisi Village development, but still awaits a city council vote. Construction has remained on hold due to financial market conditions.The European-style village planned for the former Pharaoh Valley Golf Course site is expected to have a value between $800 million and $1 billion upon completion, according to city officals. TIRZ #6 …