City Council proposes TIF funds for redevelopment of blighted 801 Main Street property

The Administration and Public Works Committee of the Evanston City Council convened on June 9, 2025, to discuss the potential acquisition of a blighted property at 801 Main Street using Tax Increment Financing (TIF) funds. The meeting focused on the strategic redevelopment of this site, which has been a persistent issue in the neighborhood.

The committee member advocating for the acquisition emphasized that this property has been troublesome for years and has failed to attract buyers despite being on the market for several months. The proposed acquisition aligns with ongoing revitalization efforts in the Main Street area, including recent streetscape improvements and new developments nearby.

The member outlined a vision for the property that includes ground-floor retail and mixed-income housing above, aiming to enhance the neighborhood's appeal and economic viability. The acquisition would allow the city to control the redevelopment process, ensuring that community input shapes the future of the site. The member noted that the TIF funds used for this acquisition would not impact the general property tax bills of residents outside the TIF district.

Economic development manager Paul Zalmersak provided context on the potential financial benefits of the redevelopment. He highlighted that the current tax revenue from the property is approximately $30,000 annually, which could significantly increase with a successful redevelopment. For comparison, the nearby Tapestry Station development is expected to generate around $700,000 annually in tax revenue.

The discussion also touched on the importance of community engagement in the planning process, with the committee member expressing a desire to gather input from residents on their vision for the site. The acquisition is seen as a low-risk investment with the potential for high returns, both in terms of tax revenue and community benefits, including affordable housing.

The meeting concluded with a consensus on the need for further exploration of the acquisition and redevelopment plans, emphasizing the importance of community involvement and the strategic use of TIF funds to revitalize the area. The committee plans to continue discussions and gather more information before making a final decision.