A second TIF District for Godfrey is not going to happen. It had been proposed as a way to help a builder with plans for a housing development aimed at serving students at Lewis & Clark Community College. The developer ran across some unexpected expenses with the land and the thought was that a TIF could be a win-win situation for all involved, but an especially passionate series of conversations at the village's Finance Committee Meeting Monday night apparently led to the request by the land-owner to pull the proposal.
Contegra and its development partner Collegiate Housing Partners pitched their plan for the TIF at the last Godfrey Village Board Meeting in January. Contegra's Brad Barnard says they will now consider other options to proceed with the project.
The plan is to build a number of units at the end of Mulberry Street that border the college. As a junior college, Lewis & Clark is prohibited from building its own student housing.