by: Diane Benjamin
Back in 2009, $4,000,000 was suddenly located in TIF money. The Pantagraph reported it here: http://www.pantagraph.com/news/local/bloomington-audits-find-million-on-hand-for-redevelopment/article_2b5ce074-b786-11de-917a-001cc4c03286.html
Outside auditors located the money, not City staff.
Then there is a lawsuit still pending against the City filed by David Bentley because he did not receive funds to rehab the CII East building. He also claims required reports were not filed. Part of the case was decided in 2013, but it continues. Outside lawyers are being used in this case. The article refers to it costing thousands, tens of thousands is probably closer to the truth. Last December the Pantagraph reported on the case:
TIF’s are complicated and fraught with possible abuse. The money can easily go to “preferred” developers with the public never finding out. With the history of TIF’s in Bloomington, should they be allowed to try again?