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August 30, 2014, 9:32 pm
970 WMAY News

Aldermen Approve TIF for Jefferson Crossing


Springfield aldermen have approved one of the biggest TIF requests in city history, authorizing up to $9.2 million for the developers of a convenience store and other businesses at the busy intersection of Jefferson and Veterans Parkway.

 

Only Alderman Joe McMenamin voted against the Jefferson Crossing project, saying it could cost the city in the long run by luring businesses from other parts of town and locking up that additional tax revenue in the TIF… a concern that Mayor Mike Houston says he does not understand.

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