In an effort to enhance and revitalize the Route 25 commercial corridor, the Village of Carpentersville is considering the establishment of a tax increment finance (TIF) district that would extend from north of Lake Marian Road to Northlake Parkway.

Tax increment financing is a powerful economic development tool that assists municipalities with stimulating development and redevelopment in areas that would not otherwise be commercially productive. Based upon a careful study of the Route 25 corridor, the Village's development advisor (S.B. Friedman & Company) has determined that a TIF district could potentially assist in the rejuvenation of this important commercial area.

In accordance with statutory requirements to keep the public informed of the TIF process, an Interested Parties Registry has been established. If you seek to be added to the registry you may download the necessary application form and registry rules as found below.

TIF Interested Parties Registry

Registration Form - Individual
Registration Form - Organization

(Completed forms are to be mailed to: Terri Wilde, Village Clerk, 1200 L.W. Besinger Drive, Carpentersville, IL 60110. Forms may also be submitted electronically to twilde@vil.carpentersville.il.us)

TIF Background Information

Aerial Map of Proposed TIF District (may take a minute to download)
Eligibility Report and Redevelopment Plan - Final
TIF Districts - FAQ

TIF Questions

If you should have any questions pertaining to the proposed TIF district, please contact Steve Jones, Assistant Village Manager at 224-293-1609, or via email at sjones@vil.carpentersville.il.us