Plans for a new tax incremental financing district, and associated industrial development, received further support on Thursday.

The City Plan Commission unanimously recommended approving the creation of and project plan for the city’s 14th tax incremental financing district at a Thursday meeting. The proposed tax district would be located from 60th to 75th streets, bordered by the Union Pacific and Canadian Pacific railroad lines. The property is to the southwest of Indian Trails Academy and Mahone Middle School.

This tax district, which allows the city to use property taxes raised within the district on developments that assist those properties, would support a $30 million potential industrial development. That development is expected to cost about $6 million to construct.

Milwaukee-based Towne Investments is seeking to create the 122-acre industrial park, which could feature over 1 million square feet for as many as four industrial buildings. The site is currently a mix of existing buildings and empty land.

Alderman G. John Ruffolo said he would be happy to see development happen at this site.

“It’s been an eyesore, a mess and it’s had its share of problems,” Ruffolo said. “I think this is a definite improvement to the area and to the city and hopefully an economic engine that sparks new jobs.”

Rollin Pizzala, a local truck driver, said he was concerned this development could take away further parking spots for semi cabs.

“There’s no place in Kenosha to go anymore,” Pizzala said. “I got the feeling that you’re trying to send us to Iowa.”

The financing district would assist the company with public infrastructure and site improvement costs. The city would assume financial responsibility of the improvements by bonding and creating a construction escrow, but Towne Investments would actually build those improvements.

No potential users have been identified yet for this industrial development.

The tax district is scheduled to go before the City Council for approval on Dec. 7 and will also require approval from the tax incremental finance district joint review board.

The city created a tax incremental financing district for Towne Investments last year as well for a speculative industrial development at the corner of 52nd Street and 104th Avenue. No physical work has started on that project yet.

The grants, which are distributed through the U.S. Department of Housing and Urban Development, address public service, planning and management, economic development and housing and neighborhood impact.

The city expects to receive just over $1 million in grants for 2010, based on this year’s totals. The allocation plan will go to the City Council for final approval on Nov. 16.