By: Diane Benjamin
I downloaded the TIF report for you. See yesterday’s story for directions on how to look up information on the Comptroller’s website yourself: https://blnnews.com/2020/09/29/normal-pay-attention-uptown-tif-report/
This story will prove TIF reports can say whatever the Town of Normal wants them to say. When a TIF doesn’t generate enough money to pay the bills, the Town pays them from General Funds. That means whatever they spend on projects in the TIF never make the reports.
Nothing can be clearer than this TIF report submitted by the Town of Normal.
PDF page 10 lists the TIF projects:
Notice any MISSING expenses?
“Public Investment” (your money) at 305 Pine St. is far more than the $9,633 listed. See this story: https://blnnews.com/2019/08/21/lets-revisit-the-route-66-gas-station-gift-shop/
Between paying off Ryburn’s mortgage and other expenses, taxpayers have invested at least $410,000 in this property which Ryburn lives in for $120 a year. Last I heard the “giftshop” never opened this summer.
Jump to PDF page 14
Details of the Nick Africano deal are included, funny how details of the Ryburn deal on the same page are sketchy.
Look back it the TIF reporting, the $483,900 is not included. To date the TIF has only generated $173,035 so obviously there wasn’t enough money available to pay Africano, so taxpayers did.
Note the agreement expired TWO YEARS AGO TODAY. the Town is still renegotiating. (Sure)
Your money is gone, but the TIF report doesn’t reflect that, unless you look at the details. The delict building is still standing.
The Town should send him a 1099 for what they paid. Make his windfall taxable income.
Ask Mayor Koos to explain how this TIF is a success.