Downers Grove ends OASIS program after three years
DOWNERS GROVE – Downers Grove ended the Ogden Avenue Site Improvement Strategy program (OASIS) this week after three years, Although funds for facade improvements and other redevelopments still will be available in the Ogden Avenue tax increment financing fund, officials said.
OASIS earmarked a certain amount of money each year from the Ogden Avenue TIF – $250,000 in 2013 – for matching grants for site improvements such as building facades.
Ending OASIS means money still will be available, but interested parties will apply through the village’s standard redevelopment agreement process instead of an OASIS grant application.
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