The Urbandale City Council has approved new financial incentives for projects that add taxable valuation within the Northwest Market Center Urban Renewal Area. New incentives include a three-year 90 percent tax increment financing rebate for rehabilitation/redevelopment of Class C or lower quality space; a three-year 90 percent TIF rebate for reinvestment in Douglas Avenue commercial parcels, including hotels and certain retail services; and a 10-year 90 percent TIF rebate for new Class A office construction. For the Class A Office incentive, the project must be permitted on or before Dec. 31, 2019, and obtain a certificate of occupancy by Dec. 31, 2020, to qualify. The standard five-year, sliding scale TIF rebate incentive remains in place for non-retail/non-residential projects. Read a related Business Record story.