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.