According to the Daily Herald, Glen Ellyn will move forward will its first ever TIF district.
Tif Districts In Illinois
Tuesday, February 14, 2012
Monday, February 13, 2012
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 Glen Ellyn school districts are against a TIF to create infrastructure improvements for downtown. 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 …