Politics & Government

Glen Ellyn Village Trustees Expected to Vote on TIF

Approving the TIF district for downtown Glen Ellyn is on tonight's agenda.

It's likely that Glen Ellyn trustees will approve the tax increment financing district for downtown Glen Ellyn. 

Tonight, Glen Ellyn trustees are expected to vote on the TIF district, which will be a financial tool the village will use to spur development and capital projects like parking decks and possibly a new Metra station. 

Business leaders and village staff are in support of the plan but

Find out what's happening in Glen Ellynwith free, real-time updates from Patch.

A feasibility study was conducted last year to determine if the TIF district was appropriate for downtown Glen Ellyn. It was determined that Glen Ellyn qualified and would benefit from the economic tool. Since the adoption of the 2009 Downtown Strategic Plan, the TIF was one idea for a possibile funding source for redevelopoment. 

that spans 23 years in Illinois. For surrounding municipalties like Wheaton and La Grange, the TIF spurred new development and ultimately raked in revenue.

Find out what's happening in Glen Ellynwith free, real-time updates from Patch.

Tonight's meeting begins at 8 p.m. in the Galligan board room.  


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