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August 1, 2014, 2:49 am
970 WMAY News

Aldermen and Developers Fight for TIF Information


Springfield aldermen are still complaining about a lack of information from the Houston administration about the status of the downtown TIF and the money available for several pending projects.

 

The city council continues to debate a request for funds to repair the façade of the PNC bank building downtown… a proposal initially rejected by the mayor’s office, but then revived by aldermen.

 

City economic development director Mike Farmer says staff shortages and a desire for complete information have hampered his efforts to get the information to the aldermen.

 

A vote on the PNC building request and two other downtown TIF projects is expected next week.

 

Another TIF request for council consideration is $1.06 million for refurbishing two century old buildings on Monroe that will be transformed into mixed commercial and residential developments.

 

Mayor Mike Houston says the city should focus more TIF moneys on residential developments in the downtown before the Central Area TIF expires in 2016.

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