As we have been hearing through sparse media reports, the project is on hold until 2021. What does this mean? Well, it means if it does rear it’s head next year, and that’s a big if, the project may change. This of course means the TIF would be null and void. I have encouraged councilors to rescind the TIF ASAP and get it off the books until we actually know what is going to happen.
“I hope it goes through”…. “I think it would be fascinating to watch a city give a state a TIF”…
In this environment, all city budget should be oriented toward public welfare and assistance. There’s nothing left for corporate TIF’s.