Because of a forward-looking mayor, Robert Butler, supportive constituents and consultants, our TIF Districts are actively assisting new development and contributing to the essential economic well-being of Marion.”
Bloomington, IL (PRWEB) February 19, 2015
Gail West, Marion City Administrator, will present at the 26th Annual Rural Economic Development Conference, March 5 – 6, 2015, in Peoria, Ill. Her presentation will focus on the success of Marion’s Downtown Hub Tax Increment Financing (TIF) District, the Morgan Street expansion, and how TIF has been one of the key factors in the city’s economic development.
“I’m truly excited to showcase the success of Marion’s innovative planning and development at the Rural Community Economic Development Conference. Because of a forward-looking mayor, Robert Butler, supportive constituents and consultants, our TIF Districts are actively assisting new development and contributing to the essential economic well-being of Marion,” explains Ms. West.
Her presentation will be part of the Thursday, March 5, conference program titled Innovative Community Practices. She will discuss Marion TIF Districts’ positive impact on developing new business from former strip mine land into retail and recreational properties including a professional minor league baseball stadium (Frontier League baseball) and a number of hotels, restaurants, nationally known companies and local businesses.
Marion’s success with TIF has been, and continues to be, supported by The Economic Development Group, Ltd. (EDG), a consultancy designed to provide assistance and administrative support to local officials and developers utilizing TIF in Illinois. In tandem with EDG, Jacob & Klein Ltd., an economic development law firm also advises Marion and other municipalities on matters relating to tax increment financing.
Jacob & Klein Ltd., and DEG, represent about 75 cities, towns and villages throughout downstate Illinois and have created more than 200 TIF Districts that have stimulated more than $2 billion worth of new private investment. Thomas Jacob, Chairman and Senior Counsel, Jacob & Klein, Ltd., estimates the TIF Districts they administer generates approximately $45 million each year for Illinois communities.
Marion is located in Williamson County, Ill. It is part of an area that developed out of the early 20th Century coal fields. Today, Marion serves as the largest retail trade center in Southern Illinois with its central location along Interstate 57 and Illinois Route 13. It is home to the Illinois Star Centre Mall and the Southern Illinois Miners baseball team. The city is part of the Marion-Herrin Micropolitan Area and the Carbondale-Marion-Herrin Combined Statistical Area with 123,272 residents, the sixth most populous area in Illinois.
The Economic Development Group, Ltd., was established in 1999 to provide technical assistance and administrative support to local officials and developers in establishing and administering Tax Increment Financing Districts. EDG was founded by Thomas N. Jacob, whose law firm, now Jacob & Klein, Ltd., has been advising communities’ economic development strategies since 1979. Together, Jacob & Klein and The Economic Development Group combine integrity with the expertise and experience necessary to assist communities achieve economic development through innovative and proven techniques.
To consult with these companies about your community’s specific needs contact their Bloomington office at (309) 664.7777 or their Peru office at (815) 223.7550.