In an effort to help fund infrastructure improvements at its $46.85 million Terminal 4 Expansion and Redevelopment Project, the Port of Grays Harbor (Wash.) Commission has designated Grays Harbor County’s first Tax Increment Area (TIA). The designation, announced May 31, is a major step toward Tax Increment Financing (TIF), which could help pay for public projects critical for economic development by setting aside a portion of property taxes paid by development in the TIA for up to 25 years, according to the port. This also allows the port to leverage investments already being made by AGP, the port’s largest customer,…