http://www.southernillinoisan.com/articles/2005/01/22/top/doc41f24e24a29b6238078984.txt"CARBONDALE -- Less than a year after the Carbondale City Council adopted a tax increment financing district downtown, the future of the designated area has changed from blight to bright.
Since the council designation, 14 commercial and residential structures, many dilapidated, were demolished to make way for redevelopment efforts and the downtown area has seen a commitment of almost 6 million development dollars go toward new construction or redevelopment of existing property.
"I think Carbondale was waiting for some spark to ignite the development that was happening in other areas, but not here," Mayor Brad Cole said. "The TIF district has provided that spark."
Property owners receive tax incentives for developing within a TIF district. During the life of the TIF, property values within the district are frozen. As those values rise, thanks to the development, the difference is placed in a special fund used specifically for future development projects within the district. That fund is expected to help keep development alive in the district."
Carbondale is moving on up?