TIF Designations / Amendments

SB Friedman has substantial and notable experience with assisting various municipalities located in suburban Chicago in the designation and support of tax increment financing (TIF) districts.

Our firm has expertise in the use of tax increment financing to facilitate high-quality development, redevelopment and infrastructure projects. We have been a member of the Illinois Tax Increment Association for over 10 years and edited the Council of Development Finance Agencies’ “Advanced Tax Increment Finance Reference Guide.” Our background and broad experience with TIF allows us to provide a broad range of TIF-related services, including:

  • Eligibility Studies, Plans, Amendments and District Adoption Support
  • Incremental Property Tax Revenue Projections
  • Pro Forma Financial Analysis and Deal Structuring
  • Negotiation Support/Term Sheet Development
  • Project and TIF District Compliance and Analytical Services

We have served, among others, the following suburban municipal clients:

  • City of Geneva
  • City of Joliet
  • City of St Charles
  • City of Wood Dale
  • Village of Bensenville
  • Village of Carpentersville
  • Village of Clarendon Hills
  • Village of Hanover Park
  • Village of Homewood
  • Village of La Grange Park
  • Village of Lemont
  • Village of Morton Grove
  • Village of Mount Prospect
  • Village of Palatine
  • Village of Riverwoods

Results: We have helped designate or amend over 30 TIF districts in suburban Chicago. These various TIF districts have been used to support retail and commercial, mixed use, residential, and industrial development in areas where such projects would not have otherwise been feasible.