Developer seeks amendment to TIF agreement for 3329 Ridge Road, plans breakfast restaurant in 2026
A representative of OTP RE, LLC requested a second amendment to a TIF redevelopment agreement for 3329 Ridge Road to fund additional improvements; the presenter said a breakfast restaurant is planned to open in late summer/early fall 2026 and the item is scheduled for board consideration on March 17.
The full story
A representative of OTP RE, LLC presented a proposed second amendment to the Tax Increment Financing Redevelopment Agreement for 3329 Ridge Road, describing prior investments at the site and requesting additional TIF-eligible funding for site improvements. The representative said the developer plans to open a breakfast restaurant in late summer or early fall of 2026 and asked the Committee to forward the amendment to the March 17 village board meeting for consideration.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in