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September 1, 2014, 6:31 pm
970 WMAY News

City of Springfield Seeking Property Near Governor's Mansion for Development, TIF


The City of Springfield is closer to purchasing a square city block of prime downtown real estate.

 

State officials have declared that block at 400 East Jackson… across from the governor’s mansion… as surplus property.

 

The block consists mostly of state parking lots and the old, shuttered YWCA building.

 

The declaration will allow the city to purchase the property after it is appraised.

 

Mayor Mike Houston hopes to use money from the current downtown TIF fund to buy the block… and then to make it the linchpin for future development under a new downtown TIF to be created after the current one expires.

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