Thursday, May 22, 2008
Minutes; Redevelopment: Modifications of Flood Plain and Impact on TID 5
Click on the minutes for the recent discussion on Tuesday night, May 20th.
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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.
ReplyDeleteBill Connors
Former Evansville City Administrator