Encouraging current property owners in TID No. 5 to apply for assistance to fix up their properties is a worthy effort. But it is far from enough. TID No. 5 will fail financially unless the city attracts some big redevelopment projects (such as acquiring several lots, razing the existing buildings, and constructing condos or mixed use) that produce more tax increment revenue than they consume.
Bill Connors
Former Evansville City Administrator
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Where is this TID#5 exactly? What are the boundaries?
ReplyDeleteI think there is a link to a map on the city's web site. There used to be. It covers many blocks around the four corners of Main and Madison, all the way up the west side of Union St., and down S. Union St. (formerly Exchange St.)
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