Revenue from surging Sigma chemicals TIF district will help three struggling TIFs. By Jeramey Jannene - Mar 31st, 2021 05:47 pm //end headline wrapper ?>MilliporeSigma plant at 6000 N. Teutonia Ave. Photo by Jeramey Jannene.
An overperforming tax incremental financing (TIF) district on the city’s far North Side will be used to bail out three struggling districts created to support single-family housing projects.
The city created what it calls “TID 52” in 2003 to support the relocation of chemical conglomerate Sigma-Aldrich Corporation (now MilliporeSigma) to a 66-acre site at 6000 N. Teutonia Ave.
Now $312,540 in surplus 2021 property tax revenue from that district, as regulated under state law, will be donated to shore up three TIF districts covering Josey Heights, Walnut Circle and Metcalfe Park.
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