And they are partnering with the King of TIFs, Lloyd Companies;
The steel manufacturer is partnering with local developer Lloyd Companies to redevelop the company’s nearly 11-acre property along the Big Sioux River north of East Sixth Street, it announced Thursday afternoon.
Rysdon said future parking needs will likely include the need for a parking ramp on the site for both visitors to the hotel and convention center as well as nearby attractions, and will likely involve asking the City of Sioux Falls for tax-incremented financing (TIF).
“The city talked about 3,500 parking spaces within a five-block area, but I just don’t think, without a ramp, that Levitt Shell is going to see the same volume of traffic that it could,” Rysdon said. “The success ultimately depends on us working together to build those cultural, iconic experiences and in that way, we’ll build an engine for growth here in this city.”
As I have said in the past, I take serious issue with giving Sioux Steel a TIF to clean up land they polluted for almost 100 years. You created the mess, you clean it up on your own dime. If the city needs your parking, we can lease it from you.
As for parking why not WALK or RIDE BIKE to an outdoor summer concert? We have a bike trail from two directions that go into the Levitt as well as several streets. There really is no reason you need to drive your car to events there, since you won’t be able to cart your own beer cooler in anyway.
I totally agree with you! I was watching today online and I couldn’t help but think of when I moved here in January 1992 from then on how often Sioux Steel was violating the inspection and polluting the Sioux River and why they never shut them down until all the dirt was excavated and disposed of properly, and equipment updated to they didn’t have the continuing violations. Gas stations had to do it with their bulk tanks, why not Sioux Steel, why did they always get a pass, as does Morrells, with continuous violations. Don’t use my tax dollars on that! That is their own mess to pay to clean up!
I can understand your aim with this article. It does hint at the cities elite protecting other members of the elite.
As for parking, not everyone can walk or use a bicycle. Hopefully, they will provide more than 4 handicap parking spots. The coming months will prove interesting as details of this plan evolve or is molded to what the elite need.
TIFS need to be approved by ballot only.
after all the elite have done for us, we should be more than happy to let them pay less in property tax while we, the benefactors of their generosity, pay more.
I seen that story on klepto-land news last night and the one guy said oh there will be a coffee shop, like 5 times.
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