Meeting provides goals for new TIF District

Meeting provides goals for new TIF District

Earlier this week, 20-plus individuals gathered at city hall for a tax increment finance (TIF) public meeting regarding a proposed TIF District which would include the blighted Carlinville Plaza and the area of town commonly referred to as Standard Addition, which is filled with dozens of historic Sears catalog homes. The TIF District, which officials hope to have in place by the end of the year, will also have Tom Thumb Park, Prairie Farms and a mobile home park just south of the Plaza.

Consultant Tony Schuering said the public meeting was required as there were more than 75 property owners in the district. Schuering said it was necessary to explain what the city was attempting to accomplish with the TIF district.

Three goals of the TIF district are to redevelop Carlinville Plaza; to improve the Sears home area, which contains a lot of historic homes, to reinvigorate and revitalize that portion of the city and encourage new homeowners to move in; and to improve infrastructure that needs updating and up-to-code work.

Schuering answered questions from concerned residents, ranging from what the process of the updates would be for property owners, how much would be spent on the Carlinville Plaza, who would have final say on what projects would get completed and the financial impact on taxes.

“This is not a new tax,” Schuering said. “Taxes shouldn’t go up as a result of this.”

By Daniel Winningham

This map, provided earlier this fall by city consultant Daniel Schuering, shows the proposed Tax Increment Financing (TIF) District which would include the Carlinville Square and West Main Street to the railroad tracks. A public meeting for another TIF District encompassing Carlinville Plaza and Standard Addition took place Oct. 20 at city hall.

This map, provided earlier this fall by city consultant Daniel Schuering, shows the proposed Tax Increment Financing (TIF) District which would include the Carlinville Square and West Main Street to the railroad tracks. A public meeting for another TIF District encompassing Carlinville Plaza and Standard Addition took place Oct. 20 at city hall.