Buffalo Grove is starting to see the impact of using tax increment financing funds to redevelop the Town Center shopping center into $50 million mixed-use project called The Clove. Now the village is ready to deploy the same economic development tool to transform its Dundee Road corridor.
Buffalo Grove weighs giving virus relief funds to struggling businesses Buffalo Grove Village Trustee Lester Ottenheimer III
Posted12/10/2020 5:30 AM
Buffalo Grove is weighing the pros and cons of providing financial relief to businesses impacted by COVID-19, especially struggling restaurants.
But officials say they must weigh the needs of the business community against the need to maintain a balanced budget.
The village board discussed several options Monday, and those talks will continue when they meet again in January.
Trustee Lester Ottenheimer III said there is an urgent need to provide relief. If we wait too long, there may be less businesses that need help because they may be out (of business), he said.