Bloomington’s Empire Corridor TIF

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? […]