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Bloomington-Normal, Illinois
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| NewsSaturday, June 28, 2008 8:30 PM CDT |
Bloomington to have meeting on downtown redevelopment plan
BLOOMINGTON -- How the city of Bloomington should redevelop its downtown could be part of a yearlong study that will be discussed Monday at a special City Council work session. The Downtown Bloomington Association and Chicago architect Doug Farr from Farr Associates will present their ideas for a study. The last redevelopment plan for downtown was issued about 10 years ago, and a new plan needs to be created, said association Executive Director Peggy Flynn. “We are looking for this to be the master plan for redeveloping downtown,” Flynn said. The city has invested about $54 million in its downtown, mainly in renovating the Bloomington Center for the Performing Arts, 110 E. Mulberry St., and building the U.S. Cellular Coliseum, 101 S. Madison St. The two entertainment venues serve as anchor tenants for the downtown. Although some of the taverns and restaurants in downtown have seen benefits from traffic created by the Coliseum and performing arts center, other businesses, including retail outlets, have lagged in recent years. Flynn said retail development along with parking could be among the issues addressed in a redevelopment plan. The cost of the study is estimated at roughly $200,000. The study would be paid for by money generated by the downtown’s tax increment financing district, which diverts property-tax money into a fund for economic development projects. City Manager Tom Hamilton said the improvement plan considered by the downtown association and Farr is part of the overall five-year work plan the City Council approved in May 2007. Under the terms of the work plan, the association will receive a total of $850,000 over the five years for marketing and business development of the district. Flynn said $75,000 for the study will come from the money the association already has received from the city, and the remaining $125,000 would have to be approved by the City Council. The council likely will vote on the additional funding at its July 14 meeting. |
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