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Bloomington Council To Consider TIF Study, Salary Increase

Staff
/
City of Bloomington
The proposed TIF study area in downtown Bloomington.

A new hotel proposed for downtown Bloomington could receive the benefits of a Tax Increment Financing District. Council members will vote tonight on creating a TIF study for an area that includes buildings at Front Street and Center Street.

An over $50 million dollar hotel and conference center project brought forward earlier this year by developer Jeff Giebelhausen would take up a majority of the TIF district, but a study must be done before it can be created.

Council members will also consider an agreement with the Town of Normal and local agencies to continue funding a Youth Intervention Specialist that would help at-risk youth in the Twin Cities. They’ll also be asked to vote on a pay increase and contract extension for City Manager David Hales.

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