New Uptown TIF Proposal: What You Need to Know
By: Diane Benjamin WGLT story: https://www.wglt.org/local-news/2025-10-08/normal-looks-to-create-new-uptown-tif-to-spur-development?utm_source=dlvr.it&utm_medium=facebook 2024 Downtown Development TIF report: https://files.illinoiscomptroller.gov/LocGovTIF/FY2024/06409531/24TIF06409531Downtown_volpment_1.pdf PDF page 8 shows this TIF is underwater: ($47,720,848) Normal taxpayers are on the hook for expenses the TIF didn’t generate enough revenue to pay. Now Normal wants a new Uptown TIF and claims to have developers interested. The WGLT story did an […]
