Phillips denies TIF financing for new housing units

Residents speak out during meeting lasting 4+ hours

  • Gothenburg attorney Mike Bacon (standing) addresses the Phillips Village Board meeting as the Community Development Agency, to present a request for TIF financing for six new rental units proposed to be built by Bartunek 3D Enterprises.
    Gothenburg attorney Mike Bacon (standing) addresses the Phillips Village Board meeting as the Community Development Agency, to present a request for TIF financing for six new rental units proposed to be built by Bartunek 3D Enterprises.

    Despite the fact that the Village of Phillips has come to be known around the region for its use of tax increment financing (TIF) to encourage housing development, the village board last week turned down a proposal to use TIF to build six rental units in the community over the next two years. At its June meeting held on the 2nd, the Board of Trustees (which also met as the Community Developme…