April 24, 2014
6:29 pm

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Ottawa may expand TIF district for potentially big employer

Ottawa, Ill. -- The Ottawa City Council plans to give tax increment financing benefits to a business that might build along Champlain St. just south of Interstate 80. The City Council put an Interstate 80 TIF expansion resolution on file this week.
     Mayor Bob Eschbach says that’s about all he can say due to confidentiality, other than it would be a big employer and the city wants to be ready.
     In a TIF district, a business that makes certain kinds of investments in its property gets money back. That money is diverted from property taxes.
Filed Under :
Topics : Labor
Location : OttawaTif
People : Bob Eschbach
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