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Greendale to receive estimated $700,000 from Village TID 2 closure; district weighing options
Summary
District finance staff told the board that closure of Village TID 2 is expected in early 2026 and that Greendale’s estimated share of residual tax increment is about $700,000; administration will present projection options in January.
District finance staff updated the board on the anticipated closure of Village Tax Increment District (TID) 2 and the financial implications for the Greendale School District.
Jonathan reported that TID 2 — which covered the former Boston Store property and parts of the mall spine — is expected to close in the first half of 2026 and that the village…
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