Sunday, November 27, 2005
You Would Have Won the Bet
Right after the Crystal Lake City Council voted unanimously to approve the Main Street Tax Increment Financing district, I wrote the following:
Someone should have taken up my offer.
For the rest of the story, click here.
With both Crystal Lake school districts and the park district opposing the Vulcan Lakes/Route 14 TIF, the Crystal Lake City Council approved a pre-meeting agreement to postpone the vote until December 6th.
With the seven council members were unanimous in their approval of the Main Street TIF, next to the successful Downtown TIF, one wonders if there are some shakier votes on Vulcan Lakes which will take a 3/5 majority, rather than a simple majority.
My guess is that a glossy promotional piece will be mailed to all Crystal Lake residents showing the city’s vision of the re-developed area.
Anyone want to wager that it will not be paid for with public money that will later be reimbursed from the TIF district bond proceeds?
Someone should have taken up my offer.
For the rest of the story, click here.
