Local News

Flossmoor seeks ‘interested parties’ for downtown TIF district, sets schedule and rules

Plans for Flossmoor’s proposed downtown Tax Increment Financing District are moving forward.

The Flossmoor Village Board voted 5-0 Monday, Dec. 5, to approve an ordinance authorizing the establishment of TIF “interested parties” registries and adopt rules for the registries, as well as an ordinance to set a date for a public hearing on the proposed Downtown Redevelopment Plan and Project. Trustee George Lofton was absent.

Village Attorney Kathleen Field Orr gave a brief presentation about the process, including an explanation of TIF districts and how the village intends to utilize one.

You've reached subscriber-only content

Register for free to continue reading  Free 3-day trial

Already a subscriber? Log in here.