Officials schedule hearing on proposed North Avenue TIF

Share on Facebook
Share on Twitter
Print

By Nona Tepper

Save the date. 

The village of River Forest has scheduled a public housing impact meeting to discuss a proposed Tax Increment Financing (TIF) district on North Avenue. The meeting will be held at 7 p.m., April 24, at the Willard School auditorium, 1250 Ashland Ave. 

"We're making good progress," Village President Cathy Adduci said at the regular village board meeting, April 9. 

The TIF redevelopment project and plan, eligibility study and housing impact study can all be found online at www.vrf.us/northtif.

If approved, the North Avenue TIF will stretch from Harlem Avenue to Thatcher Road, along the north border of the town and adjoining Elmwood Park. A 2010 Corridor Plan found that 35,000 cars travel down the proposed TIF route daily, making North Avenue the most heavily trafficked corridor in River Forest. 

The plan, developed by the Chicago-based urban planning firm Houseal Lavigne Associates, noted that shallow lot depths, adjacent residential neighborhoods, existing built-out development pattern, and access issues present a challenge to development of North Avenue. 

"If the village does not implement this TIF, meaningful redevelopment is less likely to occur, and we may lose a prime opportunity for economic revitalization of the corridor," the village's North Avenue TIF page reads. 

The TIF aims to increase the village's property tax base and stabilize property taxes on homeowners, according to the village.

Nona Tepper

Reader Comments

No Comments - Add Your Comment

Note: This page requires you to login with Facebook to comment.

Comment Policy

Facebook Connect

Answer Book 2018

To view the full print edition of the Wednesday Journal 2018 Answer Book, please click here.

Quick Links

Sign-up to get the latest news updates for Oak Park and River Forest.


            
SubscribeClassified
MultimediaContact us
Submit Letter To The Editor
Place a Classified Ad