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ELK GROVE DEBATES INDUSTRIAL PARK TIF

As many of our clients and local business owners have heard, Elk Grove Village will be voting to implement a massive 917 acre TIF district in its industrial park. The TIF has been met with some criticism from local residents, fearful of increased taxes to certain taxing bodies outside of the TIF area. This Daily Herald Business Edge Elk Grove Village TIF article summarizes the TIF’s goals and outlines the local residents’ concerns. For a more in depth look at the implications of the TIF district or to answer any questions on TIFs in general, please contact our Commercial Industrial brokers who are available to discuss this process and its effect on your property or business.

 

JC

Posted by: Doris Colson on October 5, 2017
Posted in: Uncategorized