The Commercial-News, Danville, IL

Local News

May 4, 2013

TIF funding assists businesses

DANVILLE — Since the start of the city’s Tax Increment Financing districts eight years ago, a Redevelopment Incentive Program has helped multiple businesses.

The RIP grant program provides financial assistance for permanent building and site improvements on properties located within the Midtown and Western Gateway TIF districts.

“It’s to assist small business development in our community,” Mayor Scott Eisenhauer said.

The purpose of the program is to provide an incentive for existing businesses to expand and new businesses to locate within the TIF areas, while also improving the quality of design and construction of increasing the value of property and improvements in these designated areas, according to the city’s program description.

One of those businesses that received assistance was Myers Flooring Center, 802 N. Vermilion St.

Owner Shane Myers said he didn’t know anything about the TIF district, RIP and incentives. He learned about it through his Realtor, Larry Kuchefski. Myers Flooring Center opened in November 2011.

Myers Flooring received $6,022 in direct TIF incentive, $2,800 in indirect TIF incentives for public improvements/right-of-way work with $45,626 in total project costs illustrated to the city.

“We blacktopped our lot and landscaped,” Myers said about some of the improvements.

The money helped with all exterior improvements, he said.

“It helped quite a bit,” Myers said.

“I think it’s great,” he said of the program.

Other businesses also have benefited.

Chris Milliken, urban planning manager with the city, said the city did not approach the businesses, but the businesses came to the city inquiring about the incentive.

In the case of Classy Critters, 8 E. Fairchild St., it was the property owner who made inquiries. On the other sites, the business owner is the property owner, and it was the owner who came to the city, according to Milliken.

For Quad D (Classy Critters), property owners received $7,291 in direct TIF incentives, $11,170 in indirect TIF incentive for public improvements/right-of-way work and $87,303 in project costs were illustrated to the city.

Another business, Hair Express, 501 N. Vermilion St., also benefited. It received $3,300 in direct TIF incentive, $4,400 in indirect TIF incentive for public improvements/right-of-way work, with $47,499 project costs illustrated to the city.

General guidelines for the RIP grant program:

Text Only
Local News
  • Police, Fire Reports

    July 29, 2014

  • NWS-CN 07-20 Foster mug County clerk on hunt for general election judges DANVILLE — The Vermilion County Clerk’s office is looking for a few good men and women for this year’s general election.On Thursday, Vermilion County Board members certified the county’s first group of election judges for the November general electio

    July 29, 2014 1 Photo

  • NWS-CN 07-29 Talking photo Report: Medicare looking better WASHINGTON — Medicare’s financial future is looking brighter despite a growing wave of baby boomers reaching retirement.Getting relief from a slowdown in health care spending, the program’s giant hospital trust fund won’t be exhausted until 2030, the

    July 29, 2014 1 Photo

  • Police Reports Incidents reported to police include:DanvilleFriday:Battery and obstructing an officer in the 1600 block of East English Street.Burglary at The Juke, 1214 E. Main St.Saturday:Theft in the 1500 block of Oak Street.Vehicle burglary in the 100 block of

    July 29, 2014

  • Two hurt in weekend shootings in Danville DANVILLE — Two victims are listed in good condition following a pair of weekend shooting incidents in Danville.Danville Director of Public Safety Larry Thomason confirmed the shootings, which took place around 8:15 p.m. Friday and just before 5 a.m.

    July 29, 2014

  • Fire Calls Firefighters responded to the following calls:Saturday, 10:08-10:23 a.m. — A medical call in the 200 block of Delaware Avenue.Saturday, 10:47-10:54 a.m. — Assist Medix in the first block of East Harrison Street.Saturday, 11:37-11:49 a.m. — A medical

    July 29, 2014

  • Library sets program for Farmers' Market

    July 28, 2014

  • Reception celebrates truck

    July 28, 2014

  • Police, Fire Reports

    July 28, 2014

  • Artists can sell artwork

    July 27, 2014

Spring 2014 Photos

Buy these photos and more via Smugmug

AP Video
Looming Demand Could Undercut Flight Safety Raw: 2 Shells Hit Fuel Tank at Gaza Power Plant Raw: Massive Explosions From Airstrikes in Gaza Giant Ketchup Bottle Water Tower Up for Sale Easier Nuclear Construction Promises Fall Short Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming UN Security Council Calls for Gaza Cease-fire Traditional African Dishes Teach Healthy Eating 13 Struck by Lightning on Calif. Beach Baseball Hall of Famers Inducted Israel, Hamas Trade Fire Despite Truce in Gaza Italy's Nibali Set to Win First Tour De France Raw: Shipwrecked Concordia Completes Last Voyage Raw: Sea Turtle Hatchlings Emerge From Nest Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US
NDN Video
NOW TRENDING: Peyton Manning dancing at practice Golden Sisters on '50 Shades' trailer: 'Look At That Chest!' 'Hunger Games: Mockingjay Part 1' Sneak Peek "The Bachelorette" Makes Her Decision Chapter Two: Designing for Naomi Watts Thieves pick the wrong gas station to rob Staten Island Man's Emotional Dunk Over NYPD Car - @TheBuzzeronFOX GMA: Dog passes out from excitment to see owner Baseball Hall of Famers Inducted Florida Keys Webcam Captures Turtles Hatching Morgan Freeman Sucks Down Helium on 'Tonight Show' Robin Wright Can Dance! (WATCH) She's Back! See Paris Hilton's New Carl's Jr. Ad Big Weekend For Atlanta Braves In Cooperstown - @TheBuzzeronFox Chapter Two: Becoming a first-time director What's Got Jack Black Freaking Out at Comic-Con? Doctors Remove 232 Teeth From Teen's Mouth Bradley Cooper Explains His Voice in 'Guardians of the Galaxy' Deja vu: Another NYPD officer choke-holding a suspect 'Fifty Shades of Grey': Watch the Super Sexy First Trailer Now!
Must Read