Glen Ellyn TIF plans approved by local taxing bodies
GLEN ELLYN – Representatives from local taxing bodies support Glen Ellyn's plans to establish a TIF district along Roosevelt Road.
A Joint Review Board, made up of taxing body representatives and a Glen Ellyn resident, voted Aug. 22 in favor of a non-binding recommendation to the Village Board of Trustees to approve the proposed Roosevelt Road/Park Boulevard Redevelopment Plan and Project.
A public hearing will be held Sept. 9 to collect additional input from community members before the proposed plan appears before the Village Board. Village trustees will be required to wait at least 14 days after the hearing to consider establishing the TIF district.
The plan will likely go to the board at its Sept. 23 meeting, Village Manager Mark Franz said.
The TIF district previously faced opposition from residents living within the proposed district's boundaries due to concerns that they would be displaced by new developments.
Because of these continued concerns, village officials opted to remove the Parkside and Park Plaza apartments from the proposed district.
Village leaders will consider adding the apartments back into the district, if residents change their minds by the end of the public process, which concludes with the Sept. 9 hearing, Franz said.
As proposed, the district would include the north side of Roosevelt Road from Main Street to Park Boulevard, with the exclusion of the apartments, and the area bordered by Park Boulevard, Route 53, Roosevelt Road and Taft Avenue.
Village officials have said they hope to encourage development through public-private partnerships brought about by the TIF, since the area within the proposed district has struggled with private development.
At Joint Review Board meetings in July and August, Robert Rychlicki of Kane, McKenna and Associates, Inc., which prepared the village's TIF district redevelopment plan and associated studies, said the firm identified several factors that qualify the area to be established as a TIF district.
These include obsolescence and deterioration of current structures, inadequate utilities, lack of community planning, lagging equalized assessed value and deleterious layout, or areas that were developed with little regard to other nearby structures.