THE STATE JOURNAL-REGISTER
Posted Jul 21, 2011 @ 12:06 AM
…we support an effort by Ward 7 Ald. Joe McMenamin and Ward 6 Ald. Cory Jobe to study creation of a TIF district along MacArthur.
McMenamin, who led a cleanup effort of the Kmart building during his aldermanic campaign, believes a TIF study will cost $35,000 to $55,000 and will take 12 to 15 months to complete. He favors a mix of city and private funding for the study.
Many times since 2003 we have heard that a developer is on the verge of a major investment in the former Kmart property. It hasn’t happened. Meanwhile, the graffiti and weed-infested parking lot have become more or less permanent reminders of MacArthur’s struggles. Stopping this trend before it begins a second decade does not strike us as a gift to any developer. It’s an investment in the city’s future.
Joe McMenamin for Ward 7 