Thank you, BND; once again you spotlight the truth regarding TIFs.
The truth seem to be very illusive where Belleville Mayor Mark Eckert is concerned. My guess is he never looks at his tax bill. Glenn McCoy’s cartoon says it all.
If people think they are getting soaked now, this is nothing; the flood is yet to come. When the duped bobbleheads on the City Council approves the newest TIF to save the Shrine of Our Lady of the Snows, the flood will be biblical in proportion. Already the city has spent some $227,000 for studies and plan to spend more than $2.6 million on sewers and infrastructure work.
When the city was smarter than General Motors, it gave Rusty Wagner $1 million when he said he needed the money. How much money will the Keller Group need in the future? You can be assured of one thing: Belleville will be between a rock and a hard place.
We were told early on the Shrine project would generate 220 jobs; apparently some 80 jobs are already filled by workers at the Shrine motel and restaurant. The mayor left that part out when talked about jobs.
The bottom line, who will lose and who will win?
The losers: the city of Belleville, taxpayers and investors.
The winners: the Shrine, maybe, the Keller Group and the many layers of LLCs. And, of course, Eckert’s ego.
William H. Bremen Sr.