Redpath proposes new TIF to enable subdivision development

Ward 1 Ald. Chuck Redpath is proposing the creation of a new TIF district near Rochester to enable a subdivision development. The Springfield City Council Committee of the Whole voted on Tuesday to forward the proposed ordinance to the full city council for a vote. According to a proposed ordinance under consideration by the city [...]

City considers further change to large scale development oversight

The Springfield City Council is considering another change to its oversight of large scale developments, potentially specifying that certain multi-family residential projects and storage unit projects would be subject to review. In May, the council approved raising the project acreage which would trigger the review process. On Tuesday, the council's Committee of the Whole forwarded [...]

By |June 14th, 2017|Categories: Business News, Government, News|0 Comments

Dish Network ordered to pay $280m in fines over telemarketing practices in Illinois and three other states

TV provider Dish Network LLC was ordered to pay $280 million in fines this week in a federal lawsuit filed in Springfield. The lawsuit, filed in March 2009 by the attorneys general of Illinois and three other states, alleged that Dish Network violated federal law regarding telemarketing practices. In an order filed June 5, U.S. [...]

Illinois considers entrepreneur ‘learner’s permit’

By Monica Stabile Legislation to provide financial incentives for first-time business owners was approved Wednesday by the Illinois Senate. Dubbed the “Entrepreneur Learner’s Permit,” the pilot program hopes to boost small business growth by reimbursing some licensing and permit costs to first-time business owners. Entrepreneurs who qualify for the program include new information services, biotechnology and [...]

By |April 26th, 2017|Categories: Business News, Government, News|0 Comments

Legalized recreational marijuana could boost state revenue

By Monica Stabile  State lawmakers are exploring the possibility of a budding industry to create an additional revenue source for Illinois by legalizing recreational marijuana.  Chicago Democrats Sen. Heather Steans and Rep. Kelly Cassidy have proposed a measure that would allow adults aged 21 and older to possess, grow and purchase marijuana as long as [...]

By |April 26th, 2017|Categories: Business News, Government, News|0 Comments

Bill would claw back tax breaks for businesses leaving Illinois

By Monica Stabile  Illinois House Democrats passed legislation on Monday that would require businesses which move all or part of their operations out-of-state to repay money from tax breaks.  The Keep Illinois Business Act would preserve taxpayer’s money by preventing companies from "abusing" Illinois tax incentives and hurting economic development, said Rep. Michael Halpin, the [...]

By |April 26th, 2017|Categories: Business News, Government, News|0 Comments

City hopes to use TIF for home rehab, first responder grants in Enos Park

The City of Springfield wants to establish a pair of programs in Enos Park using TIF funds for exterior home rehabilitation and grants to police and firemen who choose live in the neighborhood. The Enos Park Exterior Rehabilitation Program would provide up to $15,000 to owner-occupied properties in the TIF district covering the Enos Park [...]

By |April 12th, 2017|Categories: Government, News, Uncategorized|0 Comments

Developer seeks TIF approval to buy former surveying museum downtown

A Springfield developer is hoping to buy the downtown building that formerly housed the National Museum of Surveying, using $120,000 in TIF funds. Chris Nickell's 521 East LLC seeks to access TIF money for the purchase of 521 E. Washington St. The City of Springfield sought to buy the building with $425,000 in TIF funds [...]