Riverside Info » About Riverside

Riverside TIF in Tribune 3/28

(9 posts)
  1. KimJ
    Member

    http://www.chicagotribune.com/news/local/west/chi-0703270553mar28,1,7215742.story?ctrack=1&cset=true

    CAMPAIGN 2007

    Riverside ballot offers TIF and related issues

    By Joseph Ruzich
    Special to the Tribune
    Published March 28, 2007
    Riverside resident Raymond Wallish, 29, hopes more business owners will consider setting up shop in his historic village, but he isn't willing to pay their way.

    "I would like to see a Trader Joe's [grocery] move into town and nice restaurants like those in La Grange," said Wallish.

    But Wallish wonders, like many others who live in the suburb of 8,895 people, whether establishing a proposed tax increment financing district is the answer.

    "The downtown might be vacant, but I'm still not in favor of giving tax money to rich developers and corporations," he said.

    While trustees will have the final vote on the proposed TIF in coming months, a town organization has put an advisory referendum question on the April 17 ballot that asks voters if the village should establish a TIF.

    In a tax increment financing district, a portion of property tax revenues that would otherwise go to governmental bodies are instead used for such things as infrastructure improvements in the district and subsidies to developers and tenants.

    The community organization Concerned Citizens for Riverside circulated the petition that was signed by more than 600 residents to include the question on the ballot, said member Lonnie Sacchi.

    "We hope that they [trustees] will listen to what the people have to say," said Sacchi. "We went out to get the signatures because the village didn't want to include the referendum question. The people are overwhelmingly against the TIF, and the board doesn't want to recognize that fact."

    Sacchi also is upset that the village included two other questions on the ballot that he believes are there to intimidate and confuse voters about the TIF.

    The second question asks voters if they would be willing to have a property tax increase to support central business district improvements. The last question asks if the village should consider eliminating the requirement of commercial space on the first floor in buildings located in the business district.

    "They are making it seem like they have no other alternative or face a tax increase," Sacchi said.

    Village Manager Kathleen Rush said the referendum questions were developed to clarify other paths the village can take if they don't establish a TIF.

    "We didn't ask the questions to 'pull a fast one' on the voters but to explain to them that there is a lot more complication to the issue," said Rush. "The TIF question isn't as simple as it seems. The question about the property tax is to show a different way to fund the business district. The question about commercial space is to ask if the community wants to focus only on residential areas."

    Rush said that the biggest outcry from residents in the past has been over the need for more amenities downtown, which she described as looking "tired."

    The downtown has a restaurant, wine bar, two coffee shops, a grocery and several other businesses. But Rush said the village should provide a boost for additional businesses, including more restaurants, cafes and retail shops.

    Riverside resident Diane Legge Kemp, who owns DLK Civic Design in Chicago, conducted eight workshops about the TIF proposal over the last several months.

    Kemp said 60 to 80 people came to each session to discuss the proposal and to look at other options. She said a majority of the residents made it clear they don't want major subsidies for developers.

    "We didn't come up with a strong sense of what we should do," said Kemp. "But we took a vote and it was overwhelming 2 to 1 'no' for the TIF."

    Copyright © 2007, Chicago Tribune

    Posted Wednesday Mar 28, 2007 11:16 #
  2. Catherine
    Member

    Ooooh, tired is it? The administration thinks the downtown looks TIRED? Well, guess what? That is not enought to qualify for a TIF.

    So the largest complaint from the citizenry is that they want more amenities, but the referendum wants to know whether the citizenry want to focus on residential areas and not have more amenities. Yet this is not meant to confuse the voters. Hm.

    Pants on fire?

    And so it grows.

    Posted Wednesday Mar 28, 2007 11:23 #
  3. MikeT
    Member

    It was more like 3 to 1 against tif in the workshops.

    Posted Wednesday Mar 28, 2007 12:27 #
  4. spatny
    Member

    If Ms. Rush thinks we should have more restaurants then let's see her find one for the VC. Maybe she could quit as village manager and open up one. So far all we seem to be getting is more realtors to cut up the same pie and not pay any sales tax. Or maybe they are opening on the assumption that the TIF is a done deal and with the public money to go to developers there will be lots of condos to sell for fat commissions. Let the Trustees form a General Partnershi[p and step up and take some personal risk, put their own coin into building out a 5,000 sq. ft. facility, get a license, stock it, pay for insurance and salaries and linen and plate glass insurance and all the rest, and spend some time there and see if they think bringing a restaurant into Riverside is such a great business choice. And why would Trader Joe's want to locate here when they have a store not ten minutes away in Lagrange with parking and loads of traffic on the two adjacent streets. Risking $300-400,000 min. to put in a new restaurant here so that the Trustees can visit once a month - well that will be a nice tranquil place for them to hide out. At $30 a foot it will take more than some vague promise to get anyone in here, and they know it. But go ahead folks, give it a shot. What is life without adventure. Try meeing a payroll and catering to the public for a change. How big is your heart? I'll have the veal saltimboca, some creamed spinach and a bottle of the Bardolino.

    Posted Wednesday Mar 28, 2007 12:46 #
  5. KimJ
    Member

    Referendum Questions.

    1. To TIF or not to TIF? no
    2. Instead of TIF, raise your taxes? ugh, no?
    3. Instead of TIF, we are taking our ball and going home.... oh, man!

    http://www.riversideinfo.org/forum/topic.php?id=7&page&replies=22#post-46

    KimJacobs
    Member
    .... And by the way, is it true that Henningers property has been re-zoned and can sell the retail space for condos if no retail wants it? So (worst case scenario) the center of town could have families on the ground floor that just happen to have teenagers that could put anything they want in their window, like their favorite led zeppelin posters? Not that there is anything wrong with Led Zeppelin....

    Posted 3 months ago #

    KathleenRush
    Member
    In response to Kim Jacobs, 12/5/06 post. The B2 zoning code does not permit residential uses on the first floor. See Section 5, Table 4.

    Posted 3 months ago #

    ChrisHajer
    Member
    Katy, that's good news on the residential on the first floor. Thanks.

    Posted 3 months ago

    Posted Wednesday Mar 28, 2007 17:05 #
  6. KimJ
    Member

    Posted Sunday Apr 1, 2007 22:23 #
  7. KimJ
    Member

    http://www.riversideinfo.org/forum/topic.php?id=53&page&replies=60

    Very interesting thread from a few months back.
    Amusing to read it now after seeing the image above, knowing full well there is still another story to go. oh boy

    Posted Sunday Apr 1, 2007 23:01 #
  8. spatny
    Member

    I had only one post on that thread, Kim. And I was wrong. At that time I thought the Village had spent about "$80-100K" on the B2 Zoning. The numbers I got today - finally - show Camiros getting $146,000 and there were certainly legal and engineering costs. Let's say that it probably cost $175-200K for that. And B2 begot TOD, which cost some more. And TOD is the father of little TIF, who is still growing, and whose God-parents - Kane McKenna - are at about $85K and climbing. Incidentally, if you go to the Dist. 96 TIF meeting this week you should know that their attendance costs about $150. an hour so make your questions brief.

    Posted Monday Apr 2, 2007 12:18 #
  9. spatny
    Member

    I forgot the most important thing: We need to chip in and buy Lonnie a Panama Hat and a double breasted blazer. As historian extraordinaire he needs a little better image. A little more Marcello, a little less Cassavetes.

    Posted Monday Apr 2, 2007 12:19 #

RSS feed for this topic

Reply

You must log in to post.