The Monroe Times has an interesting story on how Ehlers and Associates is aiding them refinance their TIF bonds so that their well performing TIF districts, one of which has an ethanol plant in it, can aid a poorly performing TIF, TIF number 4.
There is an analogy here in that it may be that the same thing that occurs in Evansville. TIF 5 may need TIF 6 and soon to be created TIF 7 to be donor TIF's to help make the numbers work out. The question I have is why the refinancing is necessary. Why can't the flow just be moved from one to another. By refinancing, the interest rate these days would probably be higher and not as good a deal. Maybe Bill Connors can weigh in on this one.
Stay tuned.
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