Senator: Morgantown TIF Isn't Dead Yet
Written by Your 5News Team
Last updated on April 16, 2013 @ 8:08AM
Created on April 15, 2013 @ 5:20PM
On Saturday night a bill that would have made it possible for a new baseball stadium to be built for WVU struck out when the legislature failed to approve the Morgantown Tax Increment Financing (TIF) bill.
The project was expected to bring in millions of dollars in revenue along with thousands of jobs to the area. According to Senator Robert Beach (D-Monongalia), the bill's lead sponsor, the project isn't completely dead.
The TIF would have also come with a new interchange along Interstate 79 and some space for retail businesses near the University Town Centre.
The TIF passed in the Senate, but died in the House.
According to Beach a major reason for that was because the bill had a lot at steak. Beach said members of the House used it as leverage for a bill that would have equalized pay for all magistrates.
Beach told 5 News that despite the bill not passing there's still hope for it. He said that's because Governor Earl Ray Tomblin has the ability to call lawmakers back for a special session. Beach mentioned that doesn't happen often, and it can be pricey. However, he said he's confident that it'll happen.
"It's extremely huge for North Central West Virginia and the state," Beach said. "Let's face it Morgantown is economic engine for West Virginia."
Beach said adding to his confidence is the fact that Tomblin has been a huge supporter of the project since day one.
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