City Council votes for TIF funding for Esquire Theater - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

City Council votes for TIF funding for Esquire Theater

(Source: Hank Cavagnaro/KFVS) (Source: Hank Cavagnaro/KFVS)
CAPE GIRARDEAU, MO (KFVS) -

Cape Girardeau passed a resolution Monday night supporting Tax Incremental Financing for the redevelopment of Esquire Theater. This will allow the someone to redevelop using the TIF.

If you've spent any time in downtown Cape Girardeau, you'd probably recognize the old Esquire Theater. But since the lights on the outside have been out for more than 30 years, it's in need of some work. 

The president of the Cape Chamber, John Mehner, understands that.

"It needs a lot of work and you know there are some people who prefer that old buildings be torn down," said Mehner. "There are many others who prefer that old buildings be restored, and I think we have an opportunity here to have this building re-developed."

According to the State, to be eligible for this type of funding a building needs to be blighted.

As for taking already collected tax dollars, Mehner says that it wouldn't touch those.

"It's not a pot of money that the city has from existing tax payers... that's not what's used for TIF... They're the ones paying the increased property tax based on the development that they do."

The city will now hear proposals for possible redevelopments.

Download the KFVS News app: iPhone | Android

Copyright 2018 KFVS. All rights reserved.

  • Heartland NewsMore>>

  • Ameren Illinois scam targeting southern IL businesses

    Ameren Illinois scam targeting southern IL businesses

    Wednesday, June 20 2018 2:37 PM EDT2018-06-20 18:37:51 GMT
    Scam artists have been targeting businesses and some residents posing as Ameren Illinois representatives and threatening immediate disconnection of service if payment is not made within an hour. (Source: Ameren IL)Scam artists have been targeting businesses and some residents posing as Ameren Illinois representatives and threatening immediate disconnection of service if payment is not made within an hour. (Source: Ameren IL)
    Scam artists have been targeting businesses and some residents posing as Ameren Illinois representatives and threatening immediate disconnection of service if payment is not made within an hour. (Source: Ameren IL)Scam artists have been targeting businesses and some residents posing as Ameren Illinois representatives and threatening immediate disconnection of service if payment is not made within an hour. (Source: Ameren IL)

    Ameren Illinois is warning customers of an electronic utility scam that is targeting customers across the state. Locally, they have been calling businesses in Energy, Marion, West Frankfort and Murphysboro.

    Ameren Illinois is warning customers of an electronic utility scam that is targeting customers across the state. Locally, they have been calling businesses in Energy, Marion, West Frankfort and Murphysboro.

  • 1st human case of West Nile reported in IL for 2018

    1st human case of West Nile reported in IL for 2018

    Wednesday, June 20 2018 2:24 PM EDT2018-06-20 18:24:37 GMT
    The Dept. of Health reported the first human case of West Nile virus in Illinois in 2018. (Source: Stock image/KFVS)The Dept. of Health reported the first human case of West Nile virus in Illinois in 2018. (Source: Stock image/KFVS)
    The Dept. of Health reported the first human case of West Nile virus in Illinois in 2018. (Source: Stock image/KFVS)The Dept. of Health reported the first human case of West Nile virus in Illinois in 2018. (Source: Stock image/KFVS)

    The Illinois Department of Public Health reported the first confirmed case of West Nile virus in the state for 2018.

    The Illinois Department of Public Health reported the first confirmed case of West Nile virus in the state for 2018.

  • Police: armed, dangerous man wanted in connection to Carbondale shooting

    Police: armed, dangerous man wanted in connection to Carbondale shooting

    Wednesday, June 20 2018 2:03 PM EDT2018-06-20 18:03:57 GMT
    Renard M. Ward is considered armed and dangerous. He's wanted in connection with a shooting in Carbondale. (Source: Carbondale Police Department)Renard M. Ward is considered armed and dangerous. He's wanted in connection with a shooting in Carbondale. (Source: Carbondale Police Department)

    Police in Carbondale, Illinois are looking for an armed and dangerous man in connection with a shooting on Sunday, June 17.

    Police in Carbondale, Illinois are looking for an armed and dangerous man in connection with a shooting on Sunday, June 17.

Powered by Frankly