Local News

Flossmoor looks to establish downtown TIF to help incentivize business development

A downtown Tax Increment Financing district may soon be established in Flossmoor in an effort to attract a prospective developer and assist existing ones.

The village board voted unanimously Monday, Nov. 15, to authorize a study of a proposed redevelopment project area for a TIF district that could be finalized by February. It would mark only the second TIF in the village’s history, with the first to the northeast of the intersection of Vollmer Road and Crawford Avenue already closed.

“I think it’s a fantastic plan and idea,” Trustee Gary Daggett said. “I think TIF is a great . . .

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