Marion Establishes STAR Bonds District

The Marion City Council voted 5-0 tonight establishing the state's first STAR (sales tax and revenue) Bonds District north of Morgan Avenue.

Developer Bruce Holland could only publicly confirm that prospective partners were showing interest, but due to non-disclosure agreements could not name them at this time.

This is typical for major commercial developments. In the case of the Illinois Centre Mall the identity of the anchor stores came later after the initial mall announcement.