TIF Funding Approved For Downtown Wood River Buildings [Video]

WOOD RIVER – Four buildings in downtown Wood River are slated to be renovated with TIF funds recently approved by the City Council in a series of 4-1 votes. Councilman Bill Dettmers voted against approving TIF funding for all four buildings, but said his opposition was not to their renovation, but to the lack of detailed information from project developers.

“The information I’ve got here tonight is very minimal,” Dettmers said. “I’m not satisfied with the information we have at hand to be able to vote on these in the affirmative tonight … I’d like to know more about the cash flows, I’d like to know more about the business, I’d like to know what the expected property tax revenues are going to be on these projects.

“My objection here is not to the development, but to the lack of documentation from the city to base a recommendation. I don’t …