The developers of a proposed $16 million retail shopping center are seeking a new kind of financial incentive to help build a new road. The developers of The Crossings of Dickson are asking the city and county to approve a Tax Increment Financing proposal, or TIF, that will freeze the property taxes at their current levels and allow them to use money that would otherwise go to increases in taxes to pay for construction of the road. The Dickson County Industrial Development Board approved a TIF plan for The Crossings last week and the proposal now goes before the Dickson County Commission and Dickson City Council next month. Local attorney Eric Thornton and Baker Storey McDonald Properties are proposing to build a $16 million, 110,000-square-foot retail development on the old Victory Nissan location on Highway 46. The new road would connect the highway to Beasley Drive. Under a TIF, the city and county agree to hold the property’s taxes at their current levels and allow the developers to use the anticipated increases in property taxes caused by the development to be used for infrastructure improvements. Nashville attorney Tom Trent Jr. explained to the council and commission earlier this month that TIF plans are being used for industrial and commercial developments to replace the traditional tax abatement incentive known as Payment in Lieu of Taxes, or PILOT. Under the plan approved by the industrial development board, the developers of The Crossings would use the projected $145,000 increase in property taxes to pay for construction of the road, estimated to cost $700-900,000, over a 7-9-year period. Trent said the plan means the county and city do not lose any property tax revenue they are currently getting for the property, but agree to waive anticipated increases in taxes for an initial period of time to help the developer pay for the road construction. Carl Storey of Baker Storey McDonald Properties told the industrial development board that The Crossings is currently in discussions with several major retailers, at least four of which currently have locations in the Nashville West shopping center. The TIF proposal for The Crossings goes before the county commission’s work session Tuesday and the Dickson City Council on Sept. 10.