TAX INCREMENTAL FINANCING
To expand the property tax base and support economic growth in the community, the Village is using Tax Incremental Financing (TIF) to fund the development. The Tax Incremental District (TID) is the actual physical area (whole parcels) designated for improvements using tax incremental financing. This district will fund the costs of land acquisition/remediation, infrastructure upgrades, streetscape improvements, and more.
PROPOSED DEVELOPMENT CONCEPTS AND STREETSCAPE IMPROVEMENTS
Proposed infrastructure improvements within the redevelopment district will provide upscale aesthetics, improve bicycle and pedestrian connections, create new public open spaces, and enhance the overall look and feel of the corridor.