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The Lake County Division of Transportation s 2021 construction program calls for more that $109 million in projects, including carryovers, to relieve congestion, increase safety and reduce emissions. ....
Long Grove considers special district to spark development Long Grove officials will consider designating 59 acres east and west of Route 53 at Lake-Cook Road, outlined in red, as a tax increment financing district to spark development. Courtesy of village of Long Grove
Posted12/28/2020 5:30 AM Long Grove is considering actions to energize development near its southern border at Route 53 and Lake-Cook Road. The village board will vote during a special meeting at 7 p.m. Tuesday to designate the South Gateway Tax Increment Financing District and establish a redevelopment plan and program.
TIF is a common and sometimes controversial economic development tool and incentive used by municipalities to spark interest in areas where no activity would be expected without a jump start. ....