Quote:
Originally Posted by Mr Downtown
And has absolutely no legal meaning. It's not an empty promise—it's not even a promise.
SB is the gambler, having placed a bet on the value of some North Side acreage. It paid off bigly.
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As I mentioned before, the infrastructure, parkland and anything else to be funded out of TIF proceeds will be spelled out in an RDA to be approved later. But there can't be an RDA for a TIF district that doesn't yet exist. City Council must first approve the zoning, then the TIF district, then the RDA. All separate votes. Each step in theory offers the chance for public input, and it now seems highly unlikely that this will all be completed before May so we'll likely be dealing with a new mayor and City Council for some of these steps.
Of course, with the latest Solis revelations the new mayor and City Council may feel emboldened to revoke the zoning, assuming it does get approved by the entire Council this month.