November 19, 2009

TIF District Back in Court

Today's Springfield Business Journal reports that the legality of the TIF established in Lake of the Ozarks is in dispute.  The TIF was created as part of a new development being built by John Q. Hammons.  In dispute is the blight designation required by state law to qualify for a TIF development. 

Originally scheduled to open in 2010, the planned development is currently delayed due to the ongoing court challenge.

The article can be found here.

No comments:

Post a Comment

All comments are moderated before being posted. Postings are at the sole discretion of the blog moderator. Anonymous postings are no longer allowed. I encourage your comments, but put you name on the bottom line!