Rolling Meadows to study two proposed TIF districts on Algonquin Road corridor
Staff presented proposals for two tax-increment financing (TIF) districts along the Algonquin Road corridor to fund demolition, site preparation, infrastructure burial, and façade/parking improvements. Council signaled support to contract consultants to prepare formal eligibility studies and to return a contract for approval in August.
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City staff presented plans on July 22 to evaluate two possible tax‑increment financing (TIF) redevelopment areas along the Algonquin Road corridor and asked the council for direction to hire consultants to prepare formal TIF eligibility studies.
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