Not long ago (2018), the Village was paying out $20,000 zero-interest loans to encourage duplexes to be converted into single-family homes. Yes, residents even covered the bank’s interest expense.
Now? The push is for more housing units — with big homes seen as better off split into duplexes, tri-plexes, or quad-plexes.
We’ve seen this before: decades ago, millions in TIF funds built the massive Metro Market. Later, more TIF money was used to help small businesses . . . the same ones hurt by competing with the Metro Market.
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Maybe it’s time to stop chasing shiny projects. Let’s ask our trustees to end the TIF and redirect millions back to where they’re needed most: fixing pipes, lighting our streets, and supporting our schools.
💡 What do you think — should TIF dollars go back to basics?
