You’ll have another chance to tell City of Springfield staff how revenue from the Commercial Street Tax Increment Financing (TIF) Plan should be spent.
Springfield’s Economic Development office will host a second public input meeting tomorrow night (9/8) from 5:30 to 7:30. During the meeting, staff will discuss results of the Reverse-Angle Parking Pilot study and give an update on the status of the Jefferson Avenue Footbridge structural evaluation.
The meeting will take place at White River Brewing Co., 505 W. Commercial Street.
According to city officials, potential public improvement projects that could be funded with the TIF revenue include:
• Streetscapes (estimated cost: $1.35 million);
• Paving Frisco Lane and adding about 60 parking spaces, landscaping and fencing (estimated cost: $1.2 million);
• Improvements to alleys (estimated cost: $500,000);
• Improvements to Blaine Street (estimated cost: $470,000);
• Developing a business loan grant program (estimated cost: $250,000);
• Refurbishing parking lots (estimated cost: $200,000);
• Gateways/entryways (estimated cost: $200,000);
• Improvements to the Jefferson Avenue Footbridge, such as adding a stage, lighting, landscaping and a sound system (estimated cost: $150,000);
• Acquiring blighted buildings and parking lots from willing sellers; renovating the Commercial Club building (estimated cost: $150,000);
• Public restrooms (estimated cost: $30,000);
• Public art installations (estimated cost: $30,000);
• Public radio station (estimated cost: $30,000);
• Planters (estimated cost: $10,000);
• Directional signage (estimated cost: $7,000);
• Park benches (estimated cost: $5,000) and cab stands (estimated cost: $4,000).