Glen Tax Increment Financing (TIF) District Information

The redevelopment of the former Glenview Naval Air Station – now known as The Glen — has become a national model for base closure redevelopment. Once Congress made the decision to close the base in 1993 and the Village "inherited" responsibility for redeveloping the land, a primary planning goal was to ensure that revenues generated from the former base exceeded the cost of demolition and infrastructure development.

Although a successful land sale program was critical to the project’s early financial stability, the most important financial tool was the Tax Increment Finance (TIF) district. TIF districts are complex, and it can be difficult to understand their benefits. On this page, you can learn more about what it is, how it operates and what it means to our community.