Rapid City committee tables proposal to create Rapid Gas TIF district pending project plan

The Rapid City Legal & Finance Committee on Jan. 28, 2026, voted to table consideration of a resolution to create the "TIFD Rapid Gas LLC Redevelopment District" until the project plan can be coordinated with planning commission action.

The committee discussed Resolution No. 2026-66, which would form a tax increment financing (TIF) district for Rapid Gas LLC. Bill Evans urged a delay so staff could investigate and provide additional information, saying, "I would say let's postpone the thing for 4 weeks until we have some investigation done, and we know what it's all about." Community Development Director Vicky Fisher told the committee the district formation and a project plan should be considered together so planning commission review can catch up with the council calendar.

Peter Schmidt, speaking for Rapid Gas, told the committee the planning commission postponed consideration of the project plan 60 days until March but said the company would be ready for district formation at the council committee meeting on Feb. 11. "Once the once the TIF District is created, then I would like to work with the city more directly on, what what the project plan, should be for the for the district," Schmidt said, adding the applicant would prepare a project plan after formation and that there is a five-year window to finalize a plan.

Council member Temang moved to table the item so the project plan and district formation could be heard together; the motion was seconded by Evans and the chair announced the motion carries. The committee did not vote on the merits of the proposed district; the matter will be returned to the committee after planning commission consideration and scheduling coordination.

Background: TIF districts use future incremental tax revenue from a designated area to finance public improvements in that area, a mechanism discussed at length by members of the public elsewhere in the meeting. The planning commission’s March timeline and the applicant’s stated readiness to proceed with district formation on Feb. 11 were central to the decision to table the resolution.