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Belleville council approves 25% TIF for Save the Girls after debate over precedent and tax base
Summary
The Belleville City Council voted to approve a development agreement granting Lang Enterprises LLC, doing business as Save the Girls, a 25% tax-increment financing (TIF) incentive for remodeling at 9300 West Main after members debated precedent, the project's local economic impact and how incentives are structured.
The Belleville City Council voted Monday to approve a development agreement and 25% TIF incentive for Lang Enterprises LLC, doing business as Save the Girls, to remodel a building at 9300 West Main.
The motion to approve the development agreement, brought by Alderson Alstoff, passed following a lengthy discussion and a failed amendment to reduce the TIF to 10%. The council recorded 13 votes in favor and two votes opposed.
Council members said the project aims to retain an existing business in the city’s West End and create local jobs, but some members questioned whether the requested TIF level set a problematic precedent and whether the city’s TIF policy was being applied…
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