After several weeks of delays, Springfield aldermen have finally approved using more than $2 million of TIF funding to assist a major renovation of the Poplar Place neighborhood.
The approval came after the property’s owners finalized a project labor agreement that will lay out terms and conditions for hiring and training workers, including a requirement that at least 30-percent of the workforce will be minorities. The funding will help with building demolition and remodeling, as well as road improvements in that area.
Aldermen also approved the creation of a land bank designed to help the city sell off dilapidated and abandoned properties. Proceeds from those sales would be set aside to assist with other expenses related to “distressed” properties.
