A major redevelopment project proposed for Ridge Road in downtown Homewood moved three steps forward in its preliminary planning at the Nov. 8 village board meeting.
Homewood trustees agreed to streamline a property transaction, pursue the feasibility and establishment of a tax increment financing (TIF) district as recommended and approve a budget amendment to finance the study.
“I think everyone is excited about what is happening in our downtown, and there is more to come,” Village President Richard Hofeld said following the unanimous approvals on the three issues.
Trustee Anne Colton agreed.
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