Sioux Falls Planning Department explains Sioux Steel TIF

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Dustin does a nice job of explaining the proposed TIF. While I disagree with ‘editorilizing’ the proposal, at least he does explain it in detail. I believe the TIF will pass 8-0. I don’t think one single councilor has the appetite to vote against it. What I do hope though is they negotiate a better deal for the taxpayers. I would really like to see the parking ramp FREE 24/7 not just at nights and weekends (unless you are using a valet service from the hotel/convention center). I would also like to see a non-compete clause with the CVB when it comes to the kind of conventions they book there. We are really cutting the private developer a ‘blank’ check’ worth well over $30 million (TIF + BID + River Greenway). I also struggle with the $25 million dollar yearly economic impact. Whether the place gets built or not, people still have other places to stay downtown, eat downtown and park downtown. That money is being spent already with or without this project. All they are saying is that money is being re-directed to their site from other competition that already exists in Sioux Falls and Downtown.

Posted in: Developers, Development, Downtown Sioux Falls, Sioux Falls, TIFs

2 Thoughts on “Sioux Falls Planning Department explains Sioux Steel TIF”

  1. Fear & Loathing in Sioux Falls on December 22, 2019 at 4:08 pm said:

    ‘Whether the place gets built or not, people still have other places to stay downtown, eat downtown and park downtown. That money is being spent already with or without this project. All they are saying is that money is being re-directed to their site from other competition that already exists in Sioux Falls and Downtown.”

    Well said! A new venue might encourage greater activity, but the bulk of it already exists. It’s like Levitt doing a number on JazzFest, if you ask me.

  2. WIND CAVE. HE HAVE IT. on December 23, 2019 at 4:27 pm said:

    Say, do you guys think the depletion and deterioration of fast-food options on South Minnesota Avenue speak more to the rotting of the city core, or is it just merely an attempt at proactive blight for a future TIF?

    ( and Woodstock adds: “I think, it actually all began, TIF or not, many years ago, when ‘the Barrell’ closed down”….”I miss those days, too, when we used to all just sit around with that future mayor and eat cheeseburgers, and dance with Peggy Sue”…)

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