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Bad development deals could have cost city millions, officials say.
MOLINE, IL (Quad-City Times ) The mass exodus by department heads in Moline in recent years was attributable by some as the result of “micromanagement” by elected officials.
But those officials now say it appears there was another reason: Bad development deals could have cost the city millions.
Derke Price, attorney for the city, was involved in a comprehensive review of the city’s development agreements, including the terms of its Tax Increment Finance Districts, or TIFs.
Two “patterns” emerged from the study, he said.
In at least three TIF deals, former high-ranking city staffers were too eager to please outside developers at taxpayers’ expense.