They will request the TIF during the Planning Meeting, next week (Wed, Sept 6 – 6 PM).

If you read the attached documents you will see that the Lloyd Companies was probably seeking $5.1 million to begin with, the ‘proposed’ cost of the soil cleanup (still am struggling with the fact that cleanup is this much).

I could say many things about my opposition to this TIF, but you have probably already heard it. I will say this though, we need as many people from the public at this meeting in opposition to get it on public record. I’m not naive, the planning department recommends approval and the commission will probably approve it, I would be shocked if they did not.

My main opposition is that it takes money from the public schools and county. And with all the opt-outs lately, this is NO time to give tax discounts to wealthy developers on prime downtown property.

7 Thoughts on “Lloyd Companies asks for TIF next week

  1. The D@ily Spin on September 1, 2017 at 8:53 am said:

    Amazing how 5 million dollars gets approved with a one liner at a planning meeting.

  2. It doesn’t. The only ones who have the authority and power to appropriate tax dollars are the 8 (+1!!!) City Councilors.

    The buck stops with them.

  3. You are correct, the planning commission and department only can make recommendations on a TIF. But I have no doubt they will recommend it.

  4. hornguy on September 1, 2017 at 3:19 pm said:

    If absent the construction, the taxable value doesn’t exist, how can a TIF district take money from public schools or the county? It can only do so if you prove the development would occur without the TIF, but you never actually prove that. You always assume it. And you know what they say about assuming…

  5. I understand and agree. But there was 5 RFP responses. Did any of them want to develop the property without a TIF? We will never know because they never share that information with the public. The mayor himself said that DT property is the hottest real estate in town, you can’t tell me that a developer can’t make money from that property without a TIF. As I have said, the city should just clean the soil themselves than sell the property without a TIF.

  6. If you want to do some real investigate reporting with video, setup a camera across the street from the site and count the number of truck loads removed.

    The price of the property would have been reflective of the value based upon condition. Therefore, the cost of the cleanup is already been given to the buyer. TIFS are political paybacks no doubt about it.

    You don’t pay full price for a car with 4 flat tires or a house full of garbage.

  7. Weber Avenue Quarry on September 1, 2017 at 8:28 pm said:

    At one time, there was a proposal by the City to dump toxic waste at the Weber Avenue Quarry (Weber Avenue and 1st Street) to save money on the removal costs.

    Citizens need to be vigilant to make sure this does not happen.

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