Advertisement

Chauncey tower question splits council candidate forum

Less than fifteen minutes into last night’s city council candidate forum on environmental issues, moderator Tom Carsner split the field with a question about the direction of the tax-increment-financed (TIF) development known as the Chauncey Tower. Sitting councilors Rick Dobyns and Jim Throgmorton went back and forth on the project after Carsner asked the field, […]

Read More…

The truth about TIFs

Illustration by Mark Vollenweider

In mid-July, the Iowa City City Council authorized $14.1 million dollars in TIF-funded financial aid to the $49 million dollar, 15-story luxury high-rise named The Chauncey. The debate over the city’s decision to essentially subsidize part of the construction of The Chauncey—which will include more screens for FilmScene, a bowling alley, art gallery space and […]

Read More…