Approximately 1,205 acres located within the City of Perryville. The Redevelopment Area is generally along I-55 and Perryville Blvd..
The City proposes to develop a street connecting Perryville Blvd. and Sycamore Road. Also a new interchange on I-55 and water, sewer and site improvements
Under Construction
Blight
Project had unusual/extraordinary costs that made the project financially unfeasible in the market place. Project required significant public infrastructure investment to remedy existing inadequate conditions. Project required significant public infrastructure investment to construct adequate capacity to support the project. Project required parcel assembly and/or relocation costs.
0
0
0
- None -
200
50
50
50
Section 2: Tax Increment Financing Revenues
$48,862.43
$48,862.43
$0.00
$0.00
$48,862.43
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$40,837,500.00
$1,000,000.00
$5,875,000.00
$0.00
$0.00
$47,712,500.00
$70,000,000.00
Pay-as-you-go; General Obligation Bonds; Industrial Revenue Bond; TIF Notes