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Luton's tax increment financing

A £77m TIF scheme has been proposed by Luton Borough Council and CBRE.The proposed scheme at Century Park is adjacent to Luton airport and involves a new road, improvements to junction 10A on the M1 motorway and access improvements to the north of the Luton Parkway railway station.The development has been stalled since being zoned for employment 30 years ago and has been bought three times, in 1989, 1999 and 2009, most recently by ProLogis.Each developer ...

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