On “Outside the Horseshoe” this week, WCBU News director Tanya Koonce interviewed Ron Jost, Vice President of Strategic and Facility Planning for OSF St. Francis Medical Center. You can hear a podcast of the show here.

The broadcast focused on the proposed East Village Growth Cell and Tax Increment Financing (TIF) District. OSF has offered to front the money for the required studies to establish a TIF. Koonce asked Jost why OSF would want to do that — what’s in it for them? Jost gave several reasons.

First, he emphasized that OSF itself is a “neighbor” in the East Bluff and Near North Side and, like any neighbor, they would like to see their property value increase and live in a safe, stable, viable neighborhood. He also said that, while the hospital is not-for-profit, there are “certain aspects” of their business that do not qualify for tax exemption, and they do pay about $1.1 million per year in property taxes.

Finally, he explained that OSF is looking at further expansion. Specifically, they’ve acquired the White School and Irving School buildings from District 150, and they’re planning to build a 100,000-200,000 square foot building to house a simulation/conference center for training purposes. They’d like to expand south of Greenleaf Street. Jost also said they would be interested in seeing if there are “other parties” who would be willing to develop and provide housing that could replace OSF’s current dormitory.

That last statement explains why OSF would be especially interested in establishing a TIF. Developers would be unlikely to redevelop this area without tax incentives.

Also on the program was Bobby Gray from the City’s Economic Development Department. He emphasized that the boundaries of the “East Village Growth Cell” represent the study area, and may not be the final boundaries of the TIF.