The Commercial-News, Danville, IL

Local News

May 4, 2013

Expect more success

DANVILLE — Tax Increment Financing district funding has come under scrutiny lately by some aldermen who disagreed with the city using it to help pay for an environmentally friendly parking lot and storm water improvements on the Danville High School campus.

City officials said the project fit the eligible expenses required for TIF use and was a good example of making improvements and an impact on an area just as TIF funding has helped businesses.

TIF districts have been in the city for eight years now.

The Midtown TIF district has made the most impact, being the one in existence the longest. City officials hope to see new, mixed-income housing take shape in the Midtown area to replace public housing units, and hope to see the East Voorhees TIF also start seeing some action.

Vermilion Advantage President and CEO Vicki Haugen said “things are in play right now.” She said there are “three different transactions” in the works in the East Voorhees Street area. One project could be announced by June, with another shortly after that, Haugen said.

All of the projects are industrial projects investing in the East Voorhees area, with TIF dollars as incentives for redevelopment funding.

Mayor Scott Eisenhauer wouldn’t comment on the possible developments in the East Voorhees Street area. He, too, hopes for mid-summer announcements.

“Obviously we’ve seen some nice success in the Midtown (TIF),” Eisenhauer said.

City officials also have “done a great deal of planning,” with the Western Gateway TIF district area, with not all of that coming to fruition, he added.

“I am very excited about future opportunities with the East Main Street (TIF district),” Eisenhauer added.

He said there are steps to take first, such as acquiring properties and demolition work, before the area would be ready for any type of development.

“We’ve all talked about reinvigorating the East Voorhees industrial corridor,”

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