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Huntsville’s Big Bet on Eli Lilly | Birmingham News
Description
Huntsville is gearing up to launch TIF D8, a new tax district covering 9,000 acres in Limestone County, designed to fund critical infrastructure for the $6 billion Eli Lilly pharmaceutical plant — the state’s largest-ever investment. The district will channel new development revenue into roads, utilities, and even a new Pre-K through 8th-grade school, all while leaving existing property taxes untouched. With 15,000 jobs created in the last decade and 450 new jobs expected from Eli Lilly, congestion management is top priority. The city council will hold a public hearing on September 10, and Limestone County Commission approval is still pending. Meanwhile, the city voted to annex 500 acres east of U.S. 72 for future housing and conservation.
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