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July 23, 2014, 12:54 pm
970 WMAY News

Aldermen Give Initial Approval for TIF Money to Hy-Vee


Springfield aldermen have given preliminary approval to the use of tax increment financing money to will help convert a longtime eyesore into a new supermarket along MacArthur Boulevard.

 

The city council committee of the whole approved using $3.5 million from the MacArthur TIF district, and placed the proposal on the consent agenda for final approval next week.

 

The funds will help Hy-Vee develop a full-size supermarket in the old K-Mart building on MacArthur, as well as an adjacent gas station and convenience store.

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