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Oak Park Explores TIF Idea for Roosevelt Road

Village staff to study possibility of creating a tax increment financing district on Roosevelt Road in Oak Park, Oak Leaves reports.

Oak Park Village Board members last week supported the idea of creating a tax increment financing district on Roosevelt Road, Oak Leaves reported Thursday

The village would use funds in the Business Services department for a study of the possibility of a TIF district. A representative of Roosevelt Road Business Association last month asked the board to create a TIF, pointing out the contrast between development on the Oak Park side of Roosevelt Road versus the Berwyn side of Roosevelt Road, according to the paper. 

Read the full Oak Leaves story here.

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