Moline Council Set To Decide On Tax Breaks - News and Weather For The Quad Cities -

Moline Council Set To Decide On Tax Breaks

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The Moline City Council will consider millions of dollars in tax breaks to spur development at Tuesday night's meeting. The city is looking at three different TIF districts.

The largest one is for the revitalization of Southpark Mall, although the city is not giving a dollar amount for the incentive. The tax break would apply only to the mall itself, which is located just off of 1-74 in Moline.

The goal is to encourage Southpark's owner to do major upgrades to the mall, because south park's property value is dropping by 3.3 percent every year.

Another TIF has created the biggest stir among residents. It's located at the 150 highway 6 interchange.

The land is right next to the airport and includes the old Horace Mann School property. The city would like developers to build light industrial and commercial businesses in the area.

No one has submitted plans for this area, so the TIF amount is not known yet. But, what has so many fired up is that a possible concrete recycling plant might go near the TIF district.

The plant would not receive a TIF, but people from neighboring Coal Valley are worried about what impact a concrete recycling plant would have on the area.

The council will make the final vote at Tuesday's meeting. Public comment is not scheduled on the agenda.