Sunday Northwest Herald columnist Kevin Craver weighed in on the proposed Lakewood Tax Increment Financing District (due to be passed this Tuesday night at a 7 PM meeting being held at Turnberry Country Club).
Of interest to some will be that he is a Lakewood resident.
I think it would an accurate summary of his viewpoint that he does not think the SportsPlex, which is what stimulate the TIF proposal, will succeed.
“…don’t get me startred on the fairness of TIFs, which in theory only are supposed to be put in blighted areas.”
He, not to mention a lot of others, don’t see how the southern intersection of Routes 47 and 176 can be considered “blighted.”
This is the second time farmland has been TIFed.
The first was for the Huntley Outlet Mall.
However, it is the first time in McHenry County that golf courses have been considered “blighted.”
Craver suggests that a fund be set up to memorialize Lakewood Village officials who vote for the TIF.
Better educated in English literature than I (and that would not take much), Craver suggests an “Ozymandias” Fund be set up to build “10-foot-tall bronze statues” on Route 47, just in case the SportsPlex fails.
You can see what the Village Board intends to spend the $63 million on below:
Maybe the cost of such statues could be pried out of the line item of $2 million for “marketing.”
Craver’s column may be found here.