By: Diane Benjamin 1) TIF report for 1 Normal Plaza: https://files.illinoiscomptroller.gov/LocGovTIF/FY2022/06409531/22TIF06409531One_Normal_Place_1.pdf All of the revenue generated is going to reimburse the General Fund for demolition costs. Last year that amounts to $48,087. The TIF is doing little to cover the $3,588,982 Normal spent so far. This TIF began in 2009. As of 4/30/2022 it has […]
By: Diane Benjamin Normal has a total of 5 TIF districts. See One Normal Place recap here: https://blnnews.com/2019/12/27/one-normal-plaza-tif/ See Uptown recap here: https://blnnews.com/2019/12/16/uptown-tif-facts/ Main/I55 TIF report: 19TIF06409531Main_I-55_1 This TIF originated in 2008. Last year it generated it’s first property tax increment – $10,190. PDF page 8 shows unpaid project costs of $8,550,000. The TIF […]
By: Diane Benjamin http://www.normal.org/ArchiveCenter/ViewFile/Item/3262 Where radicals go to meet twice a year, the cost of conferences isn’t included: Special clothing required? What got appraised and for what purpose? Below are payments made to developers for one of Normal’s 5 TIF districts. The available information is a year old, we won’t have current info for many […]
