4 The Record

Rock Island mayor defends TIF districts for rundown apartment complexes

Mayor Mike Thoms believes subsidies necessary for property improvements

Rock Island Mayor Mike Thoms joined 4 The Record for a conversation. This is the second part of that interview. 

We've talked in the past about the home program Rock Island has in place to help people become homeowners.

The city is selling 27 lots for basically nothing in return for a guarantee that the buyer will build a home on the property.

Thoms updated us on how many have been sold and how he thinks it's going.

City council gave the OK a couple of weeks ago to establish a couple of tax increment financing districts for more than $60 million to help redevelop two rundown apartment complexes.

It limits how the revenue generated from those projects is spent.

Thoms answered opponents who argue these aren't the kind of assets TIF districts were intended to support.

Watch the full conversation in the video above.

Tune in to Local 4 every Sunday at 10:30 a.m. for 4 The Record, a weekly news and public affairs program focused on the issues important to you. It's a program unlike any other here in the Quad Cities. Moderator and Local 4 News anchor Jim Niedelman brings you up to speed on what's happening in the political arena, from Springfield, Des Moines, Washington, D.C. and right here at home.

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