East Irving Park Road TIF Study
In order to accomplish several goals in the Village’s 2016 Comprehensive Plan to connect the Town Center/Main Street area to the Roselle Metra station, the Village Board is pursuing a TIF district. Final approval will be considered in January 2020.
A TIF district is a development tool used by municipalities to address economic underperformance in a specifically identified area. A baseline property tax value is determined when a TIF is created, and that value remains the same, for taxing purposes, throughout the 23-year life of the TIF. Any increase in property tax values during the life of the TIF is reinvested back into the district to fund development and redevelopment projects.
East Irving Park Road TIF Resources