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October 1, 2014, 11:24 pm
970 WMAY News

Is the Downtown TIF Running Dry?


Springfield’s downtown TIF district fund may be out of money.

 

Mayor Mike Houston told the State Journal-Register Wednesday that the city cannot even fund all the projects that it has already promised to support… even as aldermen continue to consider additional requests for TIF funds.

 

Houston’s comments contradict statements made by his economic development director, Mike Farmer, last month.

 

In a live interview on 970 WMAY on May 15th, Farmer said, quote, “we won’t commit money we can’t deliver.”

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