Marion is moving quickly to use tax increment financing (TIF) to help fund the development of the former Marion National Bank Building, now called Ridley Tower, after yet another developer approached the city looking for a handout.

At a meeting in October, the developer of Ridley Tower, Halstead Architects, asked the city to stick its neck out and issue a TIF bond for a project that struggled to even get a bank to issue a loan due to the “risk” at stake. As of the meeting last week, the public and board members still don’t know for certain if a bank has even signed onto the project.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.