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Tax Increment Financing In Southwestern Illinois

O’Fallon uses TIF to mitigate undermining and make new HSHS St. Elizabeth’s Hospital possible

Southwestern Illinois TIF Success Stories O’Fallon uses TIF to mitigate undermining and make new HSHS St. Elizabeth’s Hospital possible By ALAN J. ORTBALS    Ground was broken last summer on the new, $300 million HSHS St. Elizabeth’s Hospital in O’Fallon, Ill., but it wouldn’t have happened without tax increment financing, according to Ted Shekell, the city’s…

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Moran Economic helps cities use TIF and other tools to attract development

Southwestern Illinois TIF Success Stories Moran Economic helps cities use TIF and other tools to attract development By ALAN J. ORTBALS    While Moran Economic Development is not an old firm, it’s quickly become the economic development right arm of many communities in Southwestern Illinois.     Keith Moran, president of MED, said that he’s on call…

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Columbia aims to revamp section of main with thoughtful TIF approach

Southwestern Illinois TIF Success Stories Columbia aims to revamp section of main with thoughtful TIF approach By ALAN J. ORTBALS    Columbia, Ill., is in the process of creating a new tax increment finance district in hopes of enabling an imaginative reuse of a full block of Main Street.    The target property consists of the Immaculate…

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Collinsville working on new TIF district to rejuvenate Collinsville Road area

Southwestern Illinois TIF Success Stories Collinsville working on new TIF district to rejuvenate Collinsville Road area By ALAN J. ORTBALS    The city of Collinsville is currently working on its fourth tax increment finance district. If things go as planned, the city council will vote on it this summer.    The new district is planned to run…

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