Tag: TIF

TIF to help Bogart’s redevelopment on Homewood board agenda

Homewood trustees will have an opportunity Tuesday to continue the process of creating a small tax increment financing district (TIF) downtown that is expected aid the redevelopment of the former Bogart’s Charhouse site at 18225 Dixie Highway.The restaurant closed in 2012, and the building has been vacant since then. In[Read More…]

Homewood approves incentive to pay for fire alarm

The Homewood village board this week approved a reimbursement for safety upgrades to a local property. The money will help pay for a fire alarm system for the a building between 18673 and 18681 Dixie Highway, owned by Vivek Pinto. The building contains Reflections Yoga Center and The Lilly Pad children’s[Read More…]

Homewood presents new TIF district plan at public hearing

Homewood officials and a financial consultant introduced the plan for a proposed tax increment financing (TIF) district in the downtown area during a public hearing at village hall on Tuesday, April 11.Several residents asked questions about the TIF plan and about one of the first projects expected to benefit from[Read More…]

Homewood approves feasibility study aimed at downtown redevelopment

Homewood trustees approved two ordinances that will help bring the redevelopment plans for the central business district closer to reality. At the Jan. 24 village board meeting, the board members unanimously agreed to authorize a study of the feasibility of establishing a downtown transit oriented development tax increment financing (TIF) district. [Read More…]

Village reaffirms incentives for Lassen’s project with amended agreement

Plans for improvements to Lassen’s Sports Bar and Grill have been scaled back, but Homewood trustees approved an amended agreement Tuesday, Oct. 25, reaffirming a $203,500 investment in the project. Renovation plans for the popular eating and drinking establishment are still on the drawing board, but business owner Chris Rieckerman[Read More…]

Winter events

FRIDAY, DEC. 9

SATURDAY, DEC. 10

  • Nanny Nikki holiday music program at Flossmoor Public Library, 1000 Sterling Ave., at 11 a.m.
  • Miracle on Martin in downtown Homewood, 3 to 6 p.m.

 

 

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