Speaking of ‘Tifilicious’ while our city council is drooling over another ridiculous $94 million dollar tax rebate slush fund to dangle carrots at Asian investors, while we have gotten the shaft on the Midco Aquatic Center windows (still waiting to hear the final on that) and the failed HVAC at the City Center (haven’t heard a peep about that either) or the $26 million dollar bunker ramp to nowhere with a foundation that could hold an aircraft carrier (still no clue how that lawsuit is going either) we have another ‘Tifilicious’ project kind of just flopping in the wind; Sioux Steel project.
As we learned last year due to Covid, the project was delayed and had to be revamped. Understandable. My suspicion is if this project ever does get going again, it will be mostly apartments since Covid has kind of made office space and hotels not a very good investment. But I am wondering 1) why the original TIF hasn’t been rescinded (especially with the South Korean Egg Roll factory TIF on the horizon) and what’s going on with it?
Usually if construction projects are going to break ground in late spring or early summer, the deal is done by February, but we have not heard a peep. I think if the city council doesn’t hear the revamped plans by Feb 1st they need to rescind the original TIF immediately. I have a feeling we won’t see any groundbreaking in 2021 for this project. Maybe they should look into building a Canadian frozen burrito factory on the land, that’s a sure fire way to get a TIF!