TIF District

After more than eight years of trying, the Town of Normal may be able to move ahead with the Trail East and West developments on Uptown Circle. And if council members balk at a price increase for the Uptown Underpass, the town could have to repay millions in grant funding.

The Normal Town Council approved four measures related to the Uptown Normal TIF District at its meeting Monday night.

The Normal Town Council has a new code of ethics, and though it’s mostly symbolic, the resident who proposed the idea says it is needed in today’s political climate.

Government efforts to address the Bloomington-Normal housing shortage are a work in progress. Every little effort to make it more attractive to develop helps.

One of the wrinkles in the downtown Bloomington Tax Increment Financing District the city council has just created is that if it doesn't perform, half the property tax money generated will go back to taxing bodies like Bloomington schools.

The Bloomington City Council on Monday approved a new Tax Increment Finance [TIF] district located around the downtown area, a new project labor agreement for public works projects and outlined several new priorities to address housing.

A third candidate has entered the race for mayor of Bloomington. Ward 6 Council member Cody Hendricks made his announcement at the electrical workers union hall on Tuesday. He joins current Mayor Mboka Mwilambwe and former State Rep. Dan Brady in the race.

The mayor of Bloomington won't yet say whether District 87 schools will get a cut of potential revenue created by the proposed tax increment financing district, or TIF, for the downtown area.

The City of Bloomington held a public meeting Monday evening on a proposed Tax Increment Financing (TIF) Redevelopment Plan for the downtown area. The proposal would create a new TIF district in the downtown area.

The proposed budget for the Town of Normal is $138 million next year and an estimated $711 million over a five-year period.Town council members got their…