By: Diane Benjamin Empire Street Corridor 19TIF06402530Empire_StCorridor_1 This TIF had income last year of $388,527 from increasing property values and $7,091 in interest. Total income since the inception in 2016 is $425,624. The theory of TIF’s is development wouldn’t happen unless developers and taxpayers share in the cost. So where did this year’s income go? […]
By: Diane Benjamin Original story and pic: https://blnnews.com/2019/05/15/pothole-alert/ The huge hole was not on City property, but it is in the Empire TIF district. The hole is north of McDonald’s on Empire. The pic below shows part of the TIF: The TIF was started in February of 2016. As of 4/30/18 the TIF had only […]
By: Diane Benjamin Besides everything else I’ve already written about, the Colonial Plaza + TIF District is on the agenda. Here is the report you paid $36,600 for: http://www.cityblm.org/Modules/ShowDocument.aspx?documentid=9514 Start on page 244. There is a map of the proposed TIF on page 250. The City of Bloomington wants to claim they have a better […]
