Tax Incremental District No. 35 (200 N Monroe)
Summary
The city created a new TID at 200 N Monroe to finance redevelopment there using future property tax growth within the district. It's a major economic development tool, though it diverts that incremental tax revenue from general city coffers while the district is active.
At a glance
- Total mentions
- 2
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Oct 6, 2026.
Impact analysis
TID financing diverts future property tax growth in the district to redevelopment costs rather than the general budget.
Redevelopment at 200 N Monroe and surrounding properties.
Other taxing jurisdictions receive no incremental tax revenue from the district during its life.
Mentions & discussions (2)
Common Council - Oct 6, 2026
The city created a new TID at 200 N Monroe to finance redevelopment there using future property tax growth within the district. It's a major economic development tool, though it diverts that incremental tax revenue from general city coffers while the district is active.
Tax Incremental Districts Joint Review Board - Aug 25, 2026
The city previewed its next proposed tax incremental district at 200 N Monroe. No action was taken; creation steps are still ahead.
Related development
TID 35 — 200 N Monroe
Turns a downtown-adjacent parking lot into roughly $25 million of mixed-use value, generating an estimated $420,000 in annual tax increment.
TID 34 — Brook Park
Roughly $58 million in new residential value on the city's far east side; district projected to generate about $13.4 million in increment and could close early.
TIF 33 — Velp and Locust
Adds 90 workforce-oriented rental units on a corridor flagged for brownfield redevelopment; district could recover costs by 2039.
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