the city also agreed to purchase an adjacent 40 acres of land and sell it for future development. The $12 million in bonds for the land purchase would have been repaid through Tax Increment Financing (TIF) revenues and sale of the adjacent lots. However

Submitted by admin on Thu, 02/07/2013 - 2:58pm

filed a petition with the court to review the deal and Judge Robert Sosalla granted an injunction until a full hearing could be conducted in January