Creation of three new tax increment districts
Summary
TIDs 33, 34 and 35 would fund housing and mixed-use projects on Velp Avenue, in Brook Park (155 homes), and at 200 North Monroe (168 homes plus commercial). All recommended to council for final approval.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Jul 14, 2026.
Impact analysis
Project costs of roughly $2.4-6M (TID 33), $11.4M (TID 34) and $6.76M (TID 35), paid largely from future tax increment.
Future residents of the new housing and the surrounding neighborhoods gaining investment.
School districts and other taxing jurisdictions temporarily forgo incremental tax revenue within the districts.
Mentions & discussions (1)
Related development
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