One of the wrinkles in the downtown Bloomington Tax Increment Financing District the city council has just created is that if it doesn't perform, half the property tax money generated will go back to taxing bodies like Bloomington schools. City Manager Jeff Jurgens said the standard included in the intergovernmental agreement [IGA] is a $5 million increase in property value within the district over a decade — even though the value will rise naturally by some amount without any new development.

One of the wrinkles in the downtown Bloomington Tax Increment Financing District the city council has just created is that if it doesn't perform, half the property tax money generated will go back to taxing bodies like Bloomington schools. City Manager Jeff Jurgens said the standard included in the intergovernmental agreement [IGA] is a $5 million increase in property value within the district over a decade — even though the value will rise naturally by some amount without any new development.

Sound Ideas is WGLT's flagship news program. Every weekday, WGLT reporters go beyond soundbites for deeper conversations with Bloomington-Normal newsmakers, musicians, artists, and anyone with a story to share. This 30-minute newsmagazine is produced Monday through Friday.

Sound Ideas is WGLT's flagship news program. Every weekday, WGLT reporters go beyond soundbites for deeper conversations with Bloomington-Normal newsmakers, musicians, artists, and anyone with a story to share. This 30-minute newsmagazine is produced Monday through Friday.

WGLT's Sound Ideas

WGLT's Sound Ideas is our flagship news program. Every weekday, WGLT reporters go beyond soundbites for deeper conversations with newsmakers, musicians, artists, and anyone with a story to share. This 30-minute newsmagazine is produced Monday through Friday. You can also subscribe to the Sound Ideas - Full Episodes podcast.

WGLT's Sound Ideas is our flagship news program. Every weekday, WGLT reporters go beyond soundbites for deeper conversations with newsmakers, musicians, artists, and anyone with a story to share. This 30-minute newsmagazine is produced Monday through Friday. You can also subscribe to the Sound Ideas - Full Episodes podcast.

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