Wood River Councilman Raises More TIF Agreement Concerns
WOOD RIVER – Changes to redevelopment agreements for three Wood River properties face scrutiny from City Councilman Bill Dettmers, who claims city officials have failed to enforce certain guidelines. At Monday’s City Council meeting, Dettmers vocally opposed a series of amendments to TIF agreements for three properties, claiming the amendments would eliminate protections defending the city against waste, fraud, and abuse. City Manager Steve Palen said the city was simply amending each of its TIF agreements to be consistent with each other. Councilman Jeremy Plank has previously voiced support for simplifying the city’s TIF agreements to encourage developers to invest in Wood River. Of concern for Dettmers were three agreements for redevelopment using Tax Increment Financing (TIF). The properties in question include 1 E. Ferguson Ave., 10 W. Ferguson Ave., and 62 E. Ferguson Ave. For 1 E. Ferguson Ave., Dettmers claimed an amendment was made to the TIF agreement
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