TIM LANDIS
THE STATE JOURNAL-REGISTER
Two Springfield aldermen want to move quickly to create a tax increment financing district to improve blighted areas of MacArthur Boulevard. There still is the question of cost and winning city council approval, Ward 7 Ald. Joe McMenamin and Ward 6 Ald. Cory Jobe told the Macarthur Boulevard Business Association on Thursday.
But they said developer interest in the boulevard has picked up — including an out-of-state developer who is interested in the former Kmart building — and TIF incentives could help that momentum continue.
“It’s very important that we move quickly with a TIF along MacArthur,” McMenamin said.
Joe McMenamin for Ward 7 