Some School Board Members Concerned About Edgewater TIF Funds

Channel3000:

As design issues get worked out on the Edgewater Hotel expansion project, some local school board members are raising concerns about city tax money being used on the redevelopment.
Much of the focus on the Edgewater development so far has been on the design of the building. But what might affect residents more is the city financing for the project, WISC-TV reported.
The bottom line is we need a public discussion about how these districts benefit us and how they might hurt us,” said Lucy Mathiak, vice president of the Madison School Board.
Mathiak has some concerns about a $16 million loan from the city to the Edgewater developer.
“There are things we need to do as a (school) district and do differently with our budget, but this takes revenue away from us,” said Mathiak.