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Central falls to Joliet West PAGE 7
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Volume 131 No. 10
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VILLAGE NEWS
TIF district set for approval District would encompass U.S. 30 commercial corridor BY MARNEY SIMON Enterprise Staff @plainfieldnews sweditor@enterprisepublications.com
A plan to utilize tax increment financing (TIF) to redevelop the Boulevard site and parcels along U.S. Route 30 is expected to receive approval later this month. The village has been working on a development plan to create a TIF district along U.S. 30, between Renwick Road and Spangler. The eligibility study and redevelopment plan were developed by SB Friedman and presented to the full board of trustees on Oct. 1. “Since 2013, the village has identified the need to investigate creating a TIF district for the Route 30 corridor. The village previously engaged SB Friedman to do something similar, but they found that there were some due diligence items to be finished,” Economic Development Manager Jake Melrose told the board this month. “Unfortunately, those items, most of them were beyond the village’s control, so it took some time for those to be accomplished or completed, but they have done so since March or April of this year. So, the village in May authorized SB Friedman to conduct the eligibility study and prepare a redevelopment plan.” Melrose said the study indicates that the area qualifies for TIF district designation. SEE TIF DISTRICT PAGE 5
INSIDE
Thursday, October 11, 2018
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