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Developer outlines Brenner Fields plan and seeks green light to pursue TID; village advisors explain risks and mechanics
Summary
Baird/Bayer Development presented a mixed‑use plan for about 35 acres at Brenner Fields — 46 single‑family lots, 34 duplex units, and a commercial outlot — and sought village authorization to begin the statutory process for a developer-funded pay‑as‑you‑go tax increment district (TID). Financial adviser Ehlers reviewed pay‑go mechanics and the "but‑for" test; trustees asked about school revenue timing, infrastructure cost estimates, and long‑term tax impacts.
Baird/Bayer Development asked the Salem Lakes Village Board on Tuesday to permit staff, legal counsel and financial advisors to begin statutory steps toward creating a tax increment district (TID) for a proposed 35‑acre mixed‑use project called Brenner Fields.
Developer SR Mills told the board the southern portion of the site would include a commercial outlot, 46 single‑family lots and 34 duplex townhomes (68 units total). He said the firm expects finished‑lot fees and impact fees to generate roughly $10,000 per unit and estimated total value from finished product at about $48 million. Mills described the project financing as a pay‑as‑you‑go (PAYGo)…
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