Concluding the Glen TIF
The Glenview Board of Trustees directed staff on Thursday, Oct. 28, to conclude the landmark Glen TIF before the end of the year, setting in motion a plan that marks the completion of a historic, award-winning redevelopment that has brought 5,500 residents, thousands of new jobs, and nearly 1.9 million square feet of retail, restaurant, hotel and office space to the Village of Glenview.
The closure of the TIF allows area taxing districts to begin directly receiving property taxes generated from The Glen. Going forward, instead of property tax payments being made to the TIF fund, those same payments will go directly to taxing districts, including the Glenview Public Library, Glenview Park District, Village of Glenview and School Districts 30, 34 and 225.
Additionally, the closure of the TIF will not result in any tax increase for property owners inside or outside The Glen.
PRESS RELEASE: Village announces plan to conclude Glen TIF, marking completion of award-winning redevelopment
FAQ: All your questions answered about the Glen TIF
Curious what a sample property tax bill might look like before and after the conclusion of the TIF district? Click here.
For more background information about the history of the Glen TIF district, click here.
Move the slider back and forth to see what the Glen TIF district looked like from above in 1998 compared to what it looks like today.