Bad credit payday loans and title store restrictions: Take two.
Supporters of a proposal that would limit the number of payday loan stores in Springfield will get another chance this week.
The zoning change, rejected in a 5-4 vote in September, was sent back for another round of debate. Supporters are hoping to persuade at least one additional Springfield alderman who voted against the proposal to change his or her vote.
It’s unclear whether the votes are there to pass the measure.
But first, it must go through the planning and zoning commission, which is scheduled to hear the proposal at its Wednesday meeting.
The proposal would require that new payday, title and other short-term loans stores be at least 1,500 feet apart “lot to lot.” Existing stores would be exempt unless they move from their current locations. Peoria’s city council recently approved similar restrictions.
Springfield’s proposal, pushed by Ward 7 Ald Debbie Cimarossa and Ward 6 Ald. Mark Mahoney, is aimed at curbing the proliferation of payday lenders on MacArthur Boulevard.
Aldermen who opposed the measure said they didn’t want to discourage business, especially in a slow economy, nor did they want to establish a precedent.
Cimarossa said the restrictions need to be put in place for “economic development and to spur future growth on MacArthur Boulevard.”
“It’s predatory lending at its best,” she said. “The state legislature provides statutes that govern these kinds of businesses. Our hands are tied. The only way we can utilize more balanced economic development in business is to place these zoning restrictions on these type of businesses.”
The MacArthur Boulevard Association sent out 2,800 pre-addressed “Enough Is Enough,” postcards designed to be sent to the aldermen who voted against the ordinance, as well as one who was absent.
Cory Jobe, chairman of the association, said the group wants the city to help prevent the payday loan and title companies from being “piled on top of each other.”
He said the presence of so many payday loan and title stores along MacArthur Bouleavard hurts their ability to attract additional retail or niche businesses.
“We’re not asking to shut them out of business,” Jobe said. “They’re a viable business in the city of Springfield. ... All we’re doing is asking for a simple zoning procedure.”
Deana Poole can be reached at 788-1533.
Source: sj-r.com
Supporters of a proposal that would limit the number of payday loan stores in Springfield will get another chance this week.
The zoning change, rejected in a 5-4 vote in September, was sent back for another round of debate. Supporters are hoping to persuade at least one additional Springfield alderman who voted against the proposal to change his or her vote.
It’s unclear whether the votes are there to pass the measure.
But first, it must go through the planning and zoning commission, which is scheduled to hear the proposal at its Wednesday meeting.
The proposal would require that new payday, title and other short-term loans stores be at least 1,500 feet apart “lot to lot.” Existing stores would be exempt unless they move from their current locations. Peoria’s city council recently approved similar restrictions.
Springfield’s proposal, pushed by Ward 7 Ald Debbie Cimarossa and Ward 6 Ald. Mark Mahoney, is aimed at curbing the proliferation of payday lenders on MacArthur Boulevard.
Aldermen who opposed the measure said they didn’t want to discourage business, especially in a slow economy, nor did they want to establish a precedent.
Cimarossa said the restrictions need to be put in place for “economic development and to spur future growth on MacArthur Boulevard.”
“It’s predatory lending at its best,” she said. “The state legislature provides statutes that govern these kinds of businesses. Our hands are tied. The only way we can utilize more balanced economic development in business is to place these zoning restrictions on these type of businesses.”
The MacArthur Boulevard Association sent out 2,800 pre-addressed “Enough Is Enough,” postcards designed to be sent to the aldermen who voted against the ordinance, as well as one who was absent.
Cory Jobe, chairman of the association, said the group wants the city to help prevent the payday loan and title companies from being “piled on top of each other.”
He said the presence of so many payday loan and title stores along MacArthur Bouleavard hurts their ability to attract additional retail or niche businesses.
“We’re not asking to shut them out of business,” Jobe said. “They’re a viable business in the city of Springfield. ... All we’re doing is asking for a simple zoning procedure.”
Deana Poole can be reached at 788-1533.
Source: sj-r.com
2 comments:
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