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Lisle board unanimously reestablishes Lincoln Avenue/Route 53 TIF district
Summary
The Lisle Village Board approved three related ordinances on June 15 to reestablish the Lincoln Avenue/Route 53 tax increment financing district, incorporating newly available 2025 data into the eligibility and redevelopment plan and adopting TIF financing for the project area.
The Lisle Village Board on June 15 approved three ordinances to reestablish the Lincoln Avenue/Route 53 tax increment financing (TIF) district, voting to (1) approve the redevelopment project area, eligibility report and plan; (2) designate the redevelopment project area; and (3) adopt tax increment financing for the area.
Manager Cook told the board that SB Freeman prepared an updated eligibility report and redevelopment plan dated May 26, 2026, and that new 2025 data had been integrated into a minor amendment to the documents. Staff recommended approval of the updated documents and the package of ordinances designed to reestablish the TIF district.
Each ordinance was called, public comment was invited and no speakers requested to speak on the matter. Clerk Benton called the roll and the ordinances passed on roll-call votes recorded in the meeting minutes.
Why it matters: Reestablishing the TIF district restores a financing tool the village can use to support redevelopment and infrastructure in the Lincoln Avenue/Route 53 area by capturing incremental property-tax revenue for eligible project costs.
What happens next: The reestablishment process includes integrating the updated plan into village records and proceeding with project planning under the adopted redevelopment plan; the board did not identify specific developers or project contracts at the June 15 meeting.
