Politics & Government
Glen Ellyn OKs TIF District for Roosevelt Road Cooridor
The hope is to spur development along the corridor, according to the Daily Herald.
The Glen Ellyn Village board this week approved a tax increment financing district for the Roosevelt Road corridor with the hopes of spurring economic development, according to the Daily Herald.
The TIF process will allow the value of the assessed property to be frozen for as long as 23 years wile the additional tax funds are set aside into a special fund for the village and that money could be used to pay incentives for developers or public infrastructure projects, according to the article.
The Daily Herald reports the TIF district will not include Parkside Apartments, which had been in the original plans.
The Daily Herald has more on this article.
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