Latest News

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  • Economic director seeks to create TIF district
    Sep 2, 2010 — Foster's Daily Democrat
    Dover to remain a major player, especially when comparing the city to others in other states that may offer more tax incentives, Barufaldi said. "It will take the cuffs off and let me play with both hands," Barufaldi said. The City Council would have to pass legislation to allow TIFs in the city. Once a district is identified, the council would again have to vote to authorize the TIF district. The creation of a TIF district has been endorsed by the Greater Dover Chamber...
  • First Security Bank to expand
    Sep 2, 2010 — Messenger-Inquirer
    David Boswell, a Sorgho Democrat. Earlier this summer, First Security Bank purchased several properties downtown, including the office building at 313 Frederica St. First Security also purchased parking lots at 310 St. Ann St., 319 Frederica St., and 307-309 Frederica St., all of which adjoin the four-story building.
  • Hurricane funds used to lure businesses
    Sep 2, 2010 — The Wichita Eagle
    Baton Rouge states that Stephen Moret, secretary of the Louisiana Department of Economic Development, told the recovery authority's board that he would use the money to recruit large projects to the state. No projects have been announced, yet, said Jennifer Pike, research director of the Public Affairs Research Council of Louisiana, a nonprofit watchdog. The Louisiana Department of Economic Development didn't return calls for comment. Louisiana, Mississippi and Alabama...
  • Hotel pays Waukesha real estate tax
    Sep 1, 2010 — Milwaukee Journal Sentinel
    Its real estate value had last increased to $5.2 million.
  • Seymour enlists 3-D animation to help sell plans for gateway into city
    Sep 1, 2010 — The Tribune (Seymour, Indiana)
    ... Seymour Main Street is in the process of applying for a grant from Indiana Main Street to help with streetscape development and other physical enhancements as well as branding the downtown. Bill Bailey, president of the Greater Seymour Chamber of Commerce, applauds Luedeman and the city for considering the gateway project. "It would be a tremendous environmental improvement for all sorts of growth in Seymour," he said. As for the timing of the project, Bailey says it...
  • PCI mall plans being finalized
    Aug 31, 2010 — The Gazette (Cedar Rapids, Iowa)
    ...fund an $8 million parking ramp for the medical mall. The city will use the difference between PCI's $300,000 current property taxes and the $1.3 million in taxes on the new property to finance the structure. That ramp will be connected to the medical mall via skywalk, Sundall said. Many people have suggested using skywalks to connect portions of PCI's new building so Second Avenue would not have to close, but Sundall said that negates the point of the medical mall....
  • South Madison sues county over past tax revenues
    Aug 31, 2010 — The Herald Bulletin
    ...property tax revenue. Madison County, county commissioners, the Madison County assessor, and the Fall Creek and Anderson Township assessors are named as defendants. The suit is likely to be amended to add the Madison County auditor as a defendant, said South Madison Community Schools Superintendent Tom Warmke. The suit alleges that on March 27, 2009, the school district received its last property tax revenue check for the 2008 tax year. "The amount of the check was for an amount...
  • Tax incremental financing allocations revoked for three downtown Oklahoma City projects
    Aug 31, 2010 — The Daily Oklahoman
    ...-- Tax increment financing allocations recently were revoked for three downtown developments in what former Mayor Ron Norick called "dealing with the economic reality of the world." The revoked allocations are: --$1.75 million for Overholser Greens; --$3 million for the Harding and Shelton structured parking in Bricktown; --$1.27 million for The Flatiron mixed-use retail and housing development. Two of the projects -- Overholser Greens and The Flatiron --...
  • Waukesha's Clarke Hotel operators make good on back taxes
    Aug 31, 2010 — Milwaukee Journal Sentinel
    Its real estate value had last increased to $5.2 million.
  • Belleville to discuss fate of YMCA, Meredith Home buildings
    Aug 30, 2010 — Belleville News-Democrat
    He wouldn’t provide any details about the Meredith Home proposal that’s ready to go. Clair County Historical Society, has proposed an arts and culture center for the spot. He’s concerned that Betz wants city money for it.
  • EDITORIAL
    Aug 30, 2010 — Foster's Daily Democrat
    There, a TIF has been responsible for much of the rebirth of the downtown area in recent years. Anyone who remembers the downtown area from just a decade ago has to be impressed by the changes and redevelopment. But Newmarket has also had a TIF District that flopped. But before a community enters into a TIF, local officials need to do their homework.
  • Jackson County officials worry about KC withholding payments for sports complex
    Aug 30, 2010 — The Kansas City Star
    ...stadium renovations, Tarwater could not shed his concerns that the stadium leases that keep the Chiefs in Kansas City could soon be in jeopardy. "This is a worry," Tarwater said. "And it shouldn't be at all." After months, city and county officials are still at odds over an $8.5 million upkeep fee, part of the leases that govern the Chiefs' and Royals' use of the Truman Sports Complex. Kansas City Mayor Mark Funkhouser has called publicly for an end to the city's share...
  • Belleville may decide fate of YMCA, Meredith Home buildings on Monday
    Aug 29, 2010 — Belleville News-Democrat
    He wouldn't provide any details about the Meredith Home proposal that's ready to go. Clair County Historical Society, has proposed an arts and culture center for the spot. He's concerned that Betz wants city money for it.
  • OPINION
    Aug 29, 2010 — La Crosse Tribune
    Hop on your bike and ride around La Crosse. Start at the $1.34 million Black River Beach Neighborhood Center. Building III will cost an estimated $19 million; the much-needed parking ramp, $12.5 million. The building also includes space for the UW-L Office of Residence Life.
  • TV show helps people discover Evansville
    Aug 29, 2010 — The Janesville Gazette
    They saw the show and said, "We never thought about coming to Evansville," Decker said. Residents of Wisconsin, Illinois and Iowa have made reservations at the hotel, Moellenberndt said.
  • AMC Entertainment reportedly interested as tenant if West Edge project resumes
    Aug 27, 2010 — The Kansas City Star
    ...of AMC's interest by CB Richard Ellis, the real estate broker that held the auction. Mike Klamm, managing director of CB Richard Ellis, was charged with marketing the unfinished mixed-use project at 48th Street and Belleview Avenue. "A week before the auction, Mike Klamm sent us e-mails saying AMC was interested in being a tenant and interested in the naming rights," said Blake, whose firm is based in Fort Worth, Texas. Klamm declined to comment. AMC released a...
  • Building support for bond vote
    Aug 27, 2010 — The Day
    One will ask for $1.52 million for infrastructure and road improvements to the Stanley Israelite Norwich Business Park. A second question will ask for $3.38 million for three downtown economic development incentive programs and a third will ask for $3 million to extend Norwich Public Utilities natural gas lines.
  • Development corporation named lead agency
    Aug 27, 2010 — The Day
    The City Council on Aug. 2 named NCDC as the agency to lead $3.3 million in downtown economic development incentive programs if the bond is approved. The mayor and City Council are at the top with NCDC as the administrator, marketing and "quality control" agency for the three downtown programs.
  • Privatizing Taste on the table to balance budget, Daley says
    Aug 27, 2010 — Chicago Tribune
    And observers noted all of the ideas Daley floated won't balance the budget. Robert Fioretti, 2nd. As Daley rolled out his patchwork of potential budget solutions, he once again warned that service cuts can't be ruled out next year. The mayor wants more of that next year. Daley also suggested putting out for bid all of the city's lakefront festivals, including the mammoth Taste of Chicago.
  • Review board questions Edgewater TIF plan
    Aug 27, 2010 — The Wisconsin State Journal
    Madison Area Technical College, is considering the city's proposal to expand the State Street tax incremental financing (TIF) district to include the Edgewater. The move is needed to access money to help cover the $16 million loan. The review board peppered city officials with questions, including if projected values for the hotel and an expanded TIF district were accurate given the economic downturn. City Comptroller Dean Brasser and TIF coordinator Joe Gromacki assured members...
  • Sewer line may grow
    Aug 27, 2010 — The Spokesman-Review
    Spokane County is poised to extend a sewer line to a 415-acre property where commissioners hope development will boost their tax base. "This is one of the last areas where Spokane County has any ability to do this," Commissioner Todd Mielke said. The land, which fronts on U.S. Highway 2 south of Farwell Road, is owned by Kaiser Aluminum. (NASDAQ:KALU) It is bounded on the east by the new North Spokane freeway. County commissioners revised a previously unused sewer "trunk...
  • Southern governors meeting to include Chinese officials
    Aug 27, 2010 — Montgomery Advertiser
    And those producers have brought thousands of well-paying jobs to the region. In the past year, Alabama Gov. Thad Allen; and Valerie Jarrett, senior adviser to Obama. Riley hopes to hear from Mabus about his plans for the recovery and more details from Feinberg about his controversial claims process.
  • Edgewater funding in danger
    Aug 26, 2010 — The Wisconsin State Journal
    After the borrowed amount is repaid, the more valuable property is fully returned to the tax rolls. The city wants to expand the State Street TIF district. She also is not convinced an Edgewater redevelopment wouldn't happen without a TIF loan. Worzala wants more information on the effect of condos in the hotel and projected values for the hotel and TIF district.
  • NCDC endorses referendum bond package
    Aug 26, 2010 — The Day
    The mayor and City Council are at the top and NCDC will act as the administrator and "quality control" agency over the three downtown economic development components.
  • DeMint finds receptive audience in Sun City
    Aug 25, 2010 — The Beaufort Gazette
    That event was sponsored by the S.C. Republican Party.
  • Legislators debate tax increment financing
    Aug 25, 2010 — The Bismarck Tribune
    John Andrist, R-Crosby. But Rep. Because that money would otherwise be dispersed to local tax-levying districts, almost half, or $8 million, would go to Bismarck schools. The money is currently resting in one fund until a lawsuit challenging the constitutionality of such programs is settled. Bismarck's renaissance zone is entirely within a TIF district.
  • NewsOK launches Downtown Renaissance page
    Aug 25, 2010 — The Daily Oklahoman
    Steve Lackmeyer Aug. 25, 2010 (McClatchy-Tribune Regional News delivered by Newstex) -- Where was Kerr's Department Store located? What will the new Devon Energy (NYSE:DVN) tower look like when completed?
  • No decision on Kenrick Plaza developer in Shrewsbury
    Aug 25, 2010 — St. Louis Post-Dispatch
    The other developer, which has made a Walmart supercenter the cornerstone of its proposal, gave a brief presentation and asked the city to pick the company immediately so plans could move forward.
  • Rails-to-trails keeps rolling along
    Aug 25, 2010 — The Morning Call
    While school officials haven't objected to the greenway funding, some have taken issue with using the TIF money to fund several improvements at the former Steel property.
  • ver on bonds for grocery
    Aug 24, 2010 — The Wichita Eagle
    Wichita City Council authority to issue the Recovery Zone Facility Bonds to help finance the project, considered an essential piece of downtown Wichita's revitalization. The bonding authority is part of $92.3 million in Recovery Zone Facility Bonds and Recovery Zone Economic Development Bonds allocated by the state this week. The biggest beneficiaries are in northeast Kansas, which received about $73 million of the total. Wichita Vice Mayor Jeff Longwell said Monday afternoon...
  • Isle of Wight Supes mum on Eagle Harbor proffers
    Aug 23, 2010 — Daily Press (Newport News, Va.)
    ...county's overhaul of its economic development incentive policy, which allowed the developers of the Benn's Grant to pay proffers of $6,666 per apartment unit, Eagle Harbor II wants its proffers reduced to reflect the same deal. Under the company's proposed amended agreement, Eagle Harbor II would pay $959,904 in proffers. On Aug. 13, Eagle Harbor II filed a lawsuit in Isle of Wight Circuit Court alleging that the Board of Supervisors' acted illegally and overstepped its boundaries by...
  • Vice mayor cool on downtown grocery bonds
    Aug 23, 2010 — The Wichita Eagle
    ...underpopulated area. "We're going to need to draw on the downtown market and the growing first-ring neighborhoods like Delano so it has not only downtown to draw from," Fluhr said. "As they (Real Development) develop and work on their concepts, the store will have to have the items to draw those people and the downtown office market." Recovery Zone Facility Bonds and Recovery Zone Economic Development Bonds are two new bonding types created by the American Recovery and...
  • Wonkbook: Korea deal back; thaw with teachers; coal plants proliferate
    Aug 23, 2010 — Washington Post
    Feinberg said claimants could file claims for up to six months of emergency payments between Monday, Aug. 23, and Nov. 23, a 90-day period. He said claimants won't have to waive any rights to sue BP if they receive emergency payments, and that there is no maximum limit for payouts. In addition to emergency payments, claimants can also apply for a lump sum final payment to settle their claim.
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