At its Wednesday meeting, the Iowa City Council Economic Development Committee (EDC) will consider a proposed nine-story apartment building that Tailwind Group wants to construct behind the three Ped Mall buildings that stand between the Graduate and the Wells Fargo building.
TIFs
Posted inLetters
Letter to the editor: ‘Vote Hall for sensible use of TIF’
Ryan Hall has a campaigned on a number of issues that I wholeheartedly support: family friendly neighborhoods, strong local foods policy, transparency and a strong local economy, which is essential for everyone to thrive. But I was most impressed by his approach to tax increment financing policy.
Posted inCommunity/News
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, […]
Posted inCommunity/News
Iowa City Marketplace: City Council’s approval of $1.75 million in TIF aid has some crying foul
At their bimonthly meeting this past Tuesday, the Iowa City Council voted 6-1 to allocate $1.75 million in Tax Increment Financing (TIF) funds for two…
Posted inCommunity/News
The truth about TIFs
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 […]
