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Economic Development  | Route 25 TIF District
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Route 25 TIF District

The Village of Carpentersville has designated an area of the Route 25 commercial corridor from Lake Marian road to Northlake Parkway as a tax increment financing (TIF) district. Tax Increment Financing, or TIF, is a public financing method that utilizes future gains in taxes to support redevelopment, infrastructure and other community improvement projects.

The designation of this Route 25 area is an effort to rehabilitate and redevelop the corridor through an integrated and comprehensive strategy that utilizes public resources to stimulate additional private investment in an area that would not otherwise be commercially productive. An analysis of properties prior to the formal TIF designation found the area to be experiencing declining equalized assessed property values, excessive vacancies and other statutory factors qualifying for TIF designation.

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 Marc Huber, Community Development Director, via email at mhuber@vil.carpentersville.il.us.