Residents Concerned about Tiger Hotel TIF

6 years 5 months 2 weeks ago Thursday, May 02 2013 May 2, 2013 Thursday, May 02, 2013 3:14:00 PM CDT May 02, 2013 in Continuous News
By: Micah Smith
loading

COLUMBIA - As Tiger Hotel wraps up renovations, some residents are voicing their concerns about the tax increment financing that helped finance the renovation. In 2009 the City Council approved a TIF project for the Tiger Hotel hoping to bring more revenue to downtown Columbia. Some residents were concerned that public money was being used to fund private institutions. Resident Larry Schuster said his biggest concern was that seven members of financial institutions were members of the TIF Commission. 

Thursday, KOMU received a phone call from a resident who wishes to remain anonymous. The individual was concerned about why TIF money was used to fund Tiger Hotel. The caller voiced concerns that the money took away from neighborhood development and funding for public schools.

However, some members of the Columbia City Council disagree and said Columbia residents have nothing to worry about. 

"The community can rest assured that we will make sure that public dollars are protected. If the Tiger Hotel were to go bankrupt, or if they were to sell the building, they have to pay that off. So the city is not on the hook for any financial obligations. So I think we're protected int hat too," said City Council Member Laura Nauser.

The city maintains that the TIF does not take any money away from Columbia Public Schools. 

More News

Grid
List
COLUMBIA - The Princeton Review named the University of Missouri to three of its "best" lists. MU made the... More >>
1 hour ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 6:16:51 PM CDT October 17, 2019 in News
Walt Disney once said, "All dreams can come true, if we have the courage to pursue them." If your dream... More >>
2 hours ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 5:25:44 PM CDT October 17, 2019 in News
COLUMBIA - Simmons Bank, the Arkansas-based bank which bought Landmark Bank over the summer, confirmed some positions will be eliminated.... More >>
3 hours ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 5:01:00 PM CDT October 17, 2019 in News
JEFFERSON CITY - Former Camden County sheriff's deputy Leonard Jerome Wilson pleaded guilty earlier today to receiving child pornography as... More >>
3 hours ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 4:15:00 PM CDT October 17, 2019 in News
BOONVILLE - A grand jury indicted a man on October 11 for one count of child molestation. Robert Bosma,... More >>
4 hours ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 3:33:00 PM CDT October 17, 2019 in News
HIGH POINT- In an effort to increase safety at school, High Point school district recently began arming select teachers. ... More >>
5 hours ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 2:21:00 PM CDT October 17, 2019 in News
COLUMBIA - Missouri school districts found out Thursday how well they performed over the last school year following the release... More >>
5 hours ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 2:17:00 PM CDT October 17, 2019 in News
COLUMBIA - Leaders of a support group say their new "Reentry Opportunity Center" will help give recently released inmates the... More >>
6 hours ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 1:46:00 PM CDT October 17, 2019 in News
FULTON - A man has been arrested after drug bust earlier this morning in Fulton. Antonio Jerome Beard, 43,... More >>
6 hours ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 1:36:00 PM CDT October 17, 2019 in News
JEFFERSON CITY - Missouri unemployment has decreased a tenth of a percent in the past month according to a new... More >>
6 hours ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 1:10:00 PM CDT October 17, 2019 in News
COLUMBIA (AP) — A judge has ordered a man to repay most of a $2 million settlement he received after... More >>
7 hours ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 12:50:00 PM CDT October 17, 2019 in News
(CNN) -- Rep. Elijah Cummings, a longtime Maryland Democrat and key figure leading investigations into President Donald Trump, has died... More >>
10 hours ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 10:04:01 AM CDT October 17, 2019 in News
JEFFERSON CITY - Immaculate Conception Catholic Parish's discussion panel will center on the "Faith Response to Climate Change." The... More >>
12 hours ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 7:30:00 AM CDT October 17, 2019 in News
FULTON – Callaway County has existed for nearly 200 years without taxes that support law enforcement or the county judicial... More >>
16 hours ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 3:38:00 AM CDT October 17, 2019 in News
COLUMBIA - On Wednesday morning the National Oceanic and Atmospheric Association (NOAA) released an update to global land and ocean... More >>
22 hours ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 9:49:00 PM CDT October 16, 2019 in Climate
MEXICO – A vape business owner defended their products after Governor Mike Parson released his ‘Clean the Air’ campaign Tuesday.... More >>
22 hours ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 9:11:00 PM CDT October 16, 2019 in News
COLUMBIA — Police chased a person through Columbia Wednesday night after they said the suspect failed to pull over for... More >>
23 hours ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 8:07:00 PM CDT October 16, 2019 in News
JEFFERSON CITY - State Auditor Nicole Galloway released an audit Wednesday of the Insurance Dedicated Fund and the Insurance Examiners'... More >>
1 day ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 6:48:00 PM CDT October 16, 2019 in News
Columbia, MO
Broken Clouds 55°
8pm 55°
9pm 53°
10pm 53°
11pm 52°