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October 23, 2014, 4:18 pm
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Kidzeum To Get TIF Money Only if State Pays Up


The Kidzeum of Health and Science has $675,000 of Tax Increment Finance money coming from the City of Springfield ... that is if the state of Illinois makes good on a build Illinois grant that just passed the Illinois General Assembly and awaits Governor Quinn's desk.

 

Conceptual design of Kidzeum
Conceptual design of Kidzeum 

A last minute amendment to the ordinance that received support from all but one aldermen would make the TIF money available to the children's museum only if an expected $1 million grant from the state makes it to Kidzeum.

 

Another amendment from Aldermen Sam Cahnman to increase the TIF by $129,000 failed to get enough support.

 

The Kidzeum is expected to develop a building on East Adams in Downtown Springfield for a children's museum focusing on health and science.

 

See conceptual images of Kidzeum here.

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