Tuesday, November 29, 2016
Bloomington City Council Approves Next Step in Establishing a New TIF District
The Bloomington City Council took the next step in establishing another TIF District near the city's downtown. Earlier this year, the council expressed an interest in a TIF to help redevelop the former Mennonite Hospital and Electrolux site. An outside consultant recommended expanding the district to cover several other properties, including a B&B that's for sale, a Mexican restaurant, and the city-owned Creativity Center. Monday, the council approve an ordinance that allows city staff to create a redevelopment plan that Alderman will consider next year.