By: Diane Benjamin
According to Moody’s, Bloomington-Normal is now in a recession. See yesterday’s story Here
A recession is at least 6 months of stagnant wages, fall in retail sales, contraction of GDP, and high unemployment. Here it could also mean people have left because opportunities are limited.
The soccer people expecting government to build them a new complex could be out of luck. They claim Normal is on board, but Normal also has huge debt. Since tax receipts are going down in Bloomington they probably are in Normal too. Since neither city has acknowledged that trouble is here, how long before they are in serious trouble? How is Normal going to pay all that TIF debt with declining revenue?
The person who sent this information to me is NOT signing their child up for soccer BECAUSE of the groveling for tax dollars.
The email below was sent by a soccer organizer: (I left the grammatically errors, just highlighted some parts)