Proposed TIF District On Ogden Moves To Public Hearing

LISLE, IL — Lisle residents are invited to attend a public hearing on June 16 to discuss a proposal to designate part of East Ogden Avenue as a tax increment financing (TIF) District.

A joint review board meeting was held May 13 to discuss plans for the proposed TIF District's redevelopment project area, including potential required ordinances and planning documents, along with the area's eligibility report. The meeting was continued until June 3, according to village documents.

The proposed TIF District covers Ogden Avenue between I-355 and St. Joseph's Creek Road. This area has been "identified as an opportunity corridor to attract private development and new businesses as well as make public improvements consistent with the Village's newly adopted 2024 Comprehensive Land Use Plan," per village documents.

The proposed redevelopment project area includes 17 acres of unoccupied lots, along with 13 right-of-way acres and 43 acres earmarked for redevelopment.

The village has tapped SB Friedman Development Advisors to help with research and consulting regarding the TIF proposal.

A TIF district is also proposed for Lincoln Avenue/IL-53. This area comprises 18 buildings and a total of 53 parcels, 17 of which are vacant, per village documents.

Following the June 16 public hearing, the joint review board will have an advisory meeting on June 19 to decide on their recommendation for the East Ogden Avenue TIF District proposal. The recommendation will not be binding.