I guess LarryBoy just can't stop the spending.... http://www.rrstar.com/communities/x126898151/RHAs-goal-Improve-not-just-replace
Quote:...As the RHA moves forward with its plans for redeveloping the neighborhood, city officials have proposed a larger East River tax increment financing district to encompass the area....With the plan set for discussion Monday by the Planning and Development Committee, projects are already lining up in anticipation of district’s approval, said Richard May, Rockford Commercial Development coordinator. Those include a $3.4 million redevelopment of a building in the 400 block of East State Street that houses Sims Jeweler. The project aims to redevelop 10 market-rate condos and add two storefronts or restaurants. The project would benefit from $550,000 in reimbursement from the property tax increment. Redevelopment of seven condo lofts is under way at 202 N. Madison St., and a model is set to open soon, May said....TIF TIF TIF...DEBT DEBT DEBT....SPEND SPEND SPEND... (His buddy/partner of Garrison Lofts,Chandler Anderson,is appointed to the RHA board....HHHHMMMMM) And I'm quite certain those addresses on E.State and Madison have sucked up city "development" funds under past projects.... (During the campaign,LarryBoy showed his lawyer ability to dismiss broad generalizations while ignoring the kernel of TRUTH in a statement....but see,at the rate things are going,soon the city will be just 90+ happily-overlapping,blind trusted LLC "development" TIF's ( !!!“we’ve got to throw every dollar we can at redeveloping downtown.”) with one fire truck,2 'citizen' cops, and a couple of snow shovels...(WHO needs PUBLIC SAFETY and PUBLIC WORKS when we're developing a "hip,urban core"!!!!!!!!!!!!!