Lemont expanding TIF district along Route 83
LEMONT – The Lemont Village Board voted unanimously to expand its Gateway Tax Increment Finance District during its meeting Monday night.
According to village documents, the TIF district is located along Route 83, south of the I & M Canal. The added area is west of Route 83, between Archer Bell Avenue and Main Street.
The Gateway TIF District was created in 2009 in order to "spur economic growth in area that has inadequate utilities, deleterious land use and deteriorating infrastructure," according to the village website.
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