Northbrook board authorizes TIF eligibility study for downtown redevelopment
Trustees voted to initiate the statutory process to study whether a downtown area qualifies for a tax‑increment financing district. The vote authorized the village's financial consultant to begin the eligibility analysis and start the joint review board and public‑hearing sequence required by Illinois law.
The full story
The village board adopted a resolution authorizing staff and the financial consultant to begin a TIF (tax‑increment financing) eligibility study for a proposed downtown redevelopment area. Village counsel explained the action simply initiates the multi‑month statutory process — it is not approval of a TIF district and does not change taxing district revenues — and outlined subsequent steps including a joint review board and public hearings.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in