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Flossmoor board unanimously approves first step toward Southwest TIF district
['Jon Bannister', 'Jon Bannister Is A Graduate Student At Governors State University Who Covers Local Government', 'Community Affairs', 'Local History For The Homewood-Flossmoor Chronicle', 'With A Focus On Village Board Meetings', 'Municipal Issues', 'Stories Highlighting The History Of Flossmoor', 'The Surrounding South Suburbs. He Is Interested In Public Policy', 'Civic Engagement', 'Local History.']
HF Chronicle
The Flossmoor Village Board unanimously approved the first step Monday toward creating a new tax increment financing (TIF) district in southwest Flossmoor, with village officials arguing the designation is needed to overcome infrastructure costs that have discouraged development for years.
Trustees voted to approve an ordinance setting a public hearing for the proposed Southwest Flossmoor Redevelopment Project Area No.
2, beginning the statutory process required before the village can establish the TIF district.
The proposed…