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October 23, 2014, 8:05 am
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The Council Roundup

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970 WMAY News

Developer Pushes for TIF Agreement For Northwest Springfield


Local officials hope to start making use of a TIF district for northwest Springfield that was created seven years ago, but has never been used.

 

Wendy Chronister with the Qik ‘n’ EZ convenience store chain hopes to use future revenues from that TIF fund to bolster development that she hopes will spring up around a store and gas station planned for Veterans and Jefferson.

 

There’s almost no money in the TIF right now, but if aldermen approve, increases in tax revenues from future development can be rolled back in to pay for additional improvements.

 

Chronister wants approval quickly in order to take advantage of this year’s warm weather construction season… which is already underway.

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