Second round of Harbor Point TIF bonds approved...

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The five-member Board of Estimates on Wednesday gave its approval of $36.8 million in tax-increment financing for the Harbor Point development. City Comptroller Joan Pratt was the only member of the spending board to vote against the TIF, citing a high threshold for the city to get a return on its investment. The city’s Board of Finance declined in early May to approve the TIF bonds for the same reason — but eventually passed the plan five weeks later. This is the second round of TIF bonds for…