Sioux Falls Planning Department explains Sioux Steel TIF
l3wis 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.
