East Irving Park Road TIF
East Irving Park Road TIF District Established
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 approved the East Irving Park Road TIF District on January 27, 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
- East Irving Park Road Eligibility Study (PDF)
- East Irving Park Road Joint Review Board
- Village Board Approval of Ordinances Establishing East Irving Park Road TIF
- East Irving Park Road TIF District Advisory Commission - Established October 12, 2020