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Village Provides a TIF Update to School District 57 Board

Post Date:04/30/2019 2:32 PM

The Village of Mount Prospect and The Prospect and Main TIF was the topic of a community forum at Lion’s Park School Monday evening. The District 57 School Board and staff welcomed Village Manager Mike Cassady, Director of Community Development Bill Cooney and TIF and Public Private Partnership expert Geoff Dickenson to provide an update on the downtown TIF. The presentation projected the student impact forecasted as a result of four new downtown projects, including 20 West, Park Terrace, 10 North Main and the Maple Street Lofts. The presentation also identified more than $30 million in new value (equalized assessed value) created as a result of these new redevelopments. The presentation is available at https://www.mountprospect.org/home/showdocument?id=14255

Maple Street Lofts

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