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Kidzeum TIF Plan Moving
Kidzeum TIF Plan Moving

It may be a risk, but Kidzeum President Rachael Thomson says the long-anticipated musuem is worth it.

Springfield mayor Mike Houston recommends the organization receive nearly $700,000 in TIF money to help fund the project.  Although the current TIF proposal is $300,000 less than originally requested, she is confident the Tax Increment Funding will go a long way.

The first children’s museum closed it doors on December 31 2001 after it was unable to cover costs.  However, the Kidzeum has raised more than $3.5 million and expects to raise even more.

Some aldermen question the viability of the plan as the Kidzeum is a non-profit, and wouldn’t be paying taxes in return for the TIF money. Thomson says the museum expects about 100,000 visitors a year and could provide millions in additional revenue.