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Lisle board backs 12‑year Downtown TIF extension to advance Family Square redevelopment
Summary
Trustees approved a resolution supporting a 12‑year extension of Downtown TIF #3 to help redevelop the former Family Square site; staff said 11 of 12 underlying tax bodies have submitted support letters and a final letter is expected this month.
The Lisle Village Board voted March 16 to support a 12‑year extension of Downtown Tax Increment Financing District No. 3 to facilitate redevelopment of the former Family Square property.
Village Manager Cook told trustees the village had received support letters from 11 of the 12 underlying tax bodies and expected the final letter to arrive…
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