Published by admin on Tue, 09/15/2020 - 4:55pm
The village of Coal City is moving forward with plans to expand the boundaries of its tax increment financing [TIF] district. A hearing has been scheduled to accept public comment on the proposal.
Coal City established its first TIF to encourage economic development nine years ago. Now it’s planning its fourth amendment expanding boundaries to the northeast, south and west.
In announcing plans to expand the district’s boundaries, the town’s administrator said the proposal is based on interest and the amount of available property prime for retail and industrial development.