In the December 17 issue of the NP, the paper erred in citing that the city of Sullivan approved a $680,000 TIF participation loan for the Red Apple. This was incorrect, as the total project cost is $680,000. The loans amounted to one made by First Mid Illinois Bank & Trust for $125,000 and another from TIF in the amount of $125,000 for a total loan package of $250,000.
In the December 3 issue of the NP, the paper erred in citing that the city of Sullivan had increased revenue from property taxes by $2.3 million over the previous year. This was incorrect, as the city’s total property tax revenue, including TIF monies, came to a total of just over $2.3 million. The increase itself came to just over $96,000, again, including TIF monies. The News•Progress apologizes for these oversights.