Board considers hiring S.D. Friedman for TIF feasibility study for LaFox-area development
The Board discussed contracting S.D. Friedman to prepare a Tax Increment Financing (TIF) feasibility study tied to a proposed 900-unit development; the consultant engagement would be the first step, cost estimates were discussed and the water reclamation district warned of potential $20–25 million system upgrades.
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The Village Board discussed hiring the economic consulting firm S.D. Friedman to prepare a Tax Increment Financing feasibility study for a proposed development area near LaFox. A board member summarized that the engagement is "just the first step in a multi layer process" and that the study would assess whether a TIF district is viable and what infrastructure needs and costs the development would trigger.
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