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Kankakee council approves $50,000 TIF incentive for Lafayette Building project
Kankakee City Council · November 4, 2025
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Summary
The council approved a TIF agreement for Lafayette Building LLC that provides $50,000 toward an estimated $345,653.63 in tenant improvements, with $25,000 due on agreement execution and $25,000 upon project completion and occupancy clearance.
The Kankakee City Council on Nov. 3 authorized a tax‑increment financing agreement that will provide $50,000 in incentives to Lafayette Building LLC toward tenant improvement costs estimated at $345,653.63.
Economic development staff told…
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