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
  • DEATH NOTICES These obituaries were received by 7 p.m. Tuesday: DANVILLE

    July 22, 2014

  • Police, Fire Reports

    July 22, 2014

  • Covington appreciates volunteer work

    City council members heard thanks Monday from street superintendent Rick Smith to Jared Brothers and the Stringtown Church of God youth group. The youth group has been helping the city street department for several summers with various odd jobs.

    July 22, 2014

  • Fire Reports Firefighters responded to the following calls: Friday, 11:18-11:42 a.m. — A broken sprinkler head at 75 Walz Creek.Friday, 12:23-12:38 p.m. — A natural gas leak at 13 S. Kansas St.Friday, 1:18-1:30 p.m. — A trash can on fire at 21 N. Vermilion S

    July 22, 2014

  • Police Reports Incidents reported to police include:DanvilleTuesday:Criminal trespassing in the 1600 block of Redden Court.Wednesday:Theft in the 1300 block of Lape.Thursday:Theft in the 600 block of South Bowman Avenue.Friday:Illegal consumption in the 100 block

    July 22, 2014

  • NWS-CN 07-22 Medal photo Afghan vet earns Medal of Honor WASHINGTON — Bleeding from both legs and his arm, Ryan Pitts kept firing at about 200 Taliban fighters in June 2008, even holding onto his grenades an extra moment to ensure the enemy couldn’t heave them back.On Monday, President Barack Obama draped

    July 22, 2014 1 Photo

  • NWS-CN 07-22 Musical photo Musical takes serious tone For those who are inspired by classic tales such as “The Little Mermaid” and “My Love, My Love,” DLO Musical Theater’s summer youth musical is a must see.About 30 cast members ages 8 and up will perform “Once On this Island Jr.” at 7 p.m. Friday and

    July 22, 2014 1 Photo

  • NWS-CN 07-22 Stanis photo Vermilion County Museum Society honors longtime quilter WESTVILLE – Victorena Stanis, 90, of Westville could tell a story behind every quilt she’s made over the years, starting in 1935. She knows where the fabric came from, and how she came up with designs.

    July 22, 2014 1 Photo

  • Fire destroys barn used for storing hay SIDELL — A fire Saturday night destroyed a hay barn at Crosswinds Equine Rescue, 8182 E 200 North Road, near Sidell, but owner Mike Cross is thankful that no person or horse was injured in the blaze.Four fire departments — Sidell, Indianola, Allerton

    July 22, 2014

  • Informational tea set

    July 21, 2014

E-edition
Spring 2014 Photos


Buy these photos and more via Smugmug

AP Video
Michigan Plant's Goal: Flower and Die Raw: MH17 Passenger Remains in Kharkiv, Ukraine Raw: Israel Hits Gaza Targets, Destroys Mosques ShowBiz Minute: Hoffman, Oberst, Box Office WWII Vet Gets Medals, 70 Years Late Raw: Israel Bombs Multiple Targets in Gaza Veteran Creates Job During High Unemployment Raw: Cargo Craft Undocks From Space Station Widow: Jury Sent Big Tobacco a $23B Message New Orleans Plans to Recycle Cigarette Butts UN Security Council Calls for MH 17 Crash Probe Obama Bestows Medal of Honor on NH Veteran Texas Sending National Guard Troops to Border Hopkins to Pay $190M After Pelvic Exams Taped Foxx Cites Washington 'Circus Mirror' NASA Ceremony Honors Moon Walker Neil Armstrong
NDN Video
Train Collides With Semi Truck Carrying Lighter Fluid Samsung Pre-Trolls The IPhone 6 With New Ad Guilty Dog Apologizes to Baby for Stealing Her Toy Kanye West Tells-All on Wedding in "GQ" Interview Tony Dungy Weighs in on Michael Sam Scarlett Johansson Set To Marry In August New Star Wars Episode XII X-Wing Revealed Obama: Putin must push separatists to aid MH17 probe Michigan inmates no longer allowed to wear orange due to 'OITNB' Adam Levine Ties the Knot Sebastian The Ibis Walks Beautiful Bride Down The Aisle | ACC Must See Moment NASA Ceremony Honors Moon Walker Neil Armstrong Faces of Souls Lost in Malaysian Plane Crash 105-year-old woman throws first pitch Man Creates Spreadsheet of Wife's Reasons for Turning Down Sex 'Weird Al' Is Wowed by Album's Success Rory McIlroy struggles, surges, wins British Open NOW TRENDING: Real life Pac-Man Explosions as hot air balloon crashes in Clinton DUI Driver Dragged to Safety by Officer After Walking Onto Busy Freeway
Must Read