Today's Question: Are Tiger Hotel redevelopment restrictions going too far?

Thursday, October 8, 2009 | 12:01 a.m. CDT; updated 8:49 a.m. CDT, Thursday, October 8, 2009

On Monday night the City Council approved the agreement outlining the terms of the tax increment finance, or TIF, arrangement between the Tiger Hotel’s owners and the city. Sometime over the next 23 years, the city will reimburse the owners for $1.785 million of the near $9 million they plan to spend redeveloping the 1920s-era structure on Eighth Street into a boutique “destination” hotel.