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Jobe: Use TIF Funds for Downtown Surplus Property Purchase
Jobe: Use TIF Funds for Downtown Surplus Property Purchase

One Springfield alderman is looking to expedite the purchase of underused downtown property.

The parking lot between Capitol Avenue and Jackson Street to the north and south, and 4th and 5th streets on the west and east, has been declared state surplus property — but local units of governments have only until September 8th to make a bid.

“We’ll have a resolution up for discussion tomorrow (Tuesday) night to support our intent, contacting CMS, and then we’d look to come back with an ordinance for the city council over the next several weeks,” says Ward Six Alderman Cory Jobe.

Jobe envisions a mixed use property, with residential, commercial and green space. He hopes to attract young professionals downtown, or perhaps retirees looking to downsize.

City officials have, within the past couple of months, noted that the Central Area TIF District is running low on funds — and it’s at this point unclear how Jobe’s idea will fare.