And they are partnering with the King of TIFs, Lloyd Companies;
The steel manufacturer is partnering with local developer Lloyd Companies to redevelop the company’s nearly 11-acre property along the Big Sioux River north of East Sixth Street, it announced Thursday afternoon.
Rysdon said future parking needs will likely include the need for a parking ramp on the site for both visitors to the hotel and convention center as well as nearby attractions, and will likely involve asking the City of Sioux Falls for tax-incremented financing (TIF).
“The city talked about 3,500 parking spaces within a five-block area, but I just don’t think, without a ramp, that Levitt Shell is going to see the same volume of traffic that it could,” Rysdon said. “The success ultimately depends on us working together to build those cultural, iconic experiences and in that way, we’ll build an engine for growth here in this city.”
As I have said in the past, I take serious issue with giving Sioux Steel a TIF to clean up land they polluted for almost 100 years. You created the mess, you clean it up on your own dime. If the city needs your parking, we can lease it from you.
As for parking why not WALK or RIDE BIKE to an outdoor summer concert? We have a bike trail from two directions that go into the Levitt as well as several streets. There really is no reason you need to drive your car to events there, since you won’t be able to cart your own beer cooler in anyway.