Community Forum: Tax Increment Financing (TIF) for Downtown Buffalo Grove: Developer's Dream or Taxpayer's Nightmare?

Save Buffalo Grove, grass-roots citizens group, will host a Community Meeting on the proposed TIF District and what would mean for taxpayers.

Speaker: Brian Costin, TIF district expert with the Illinois Policy Institute

Mr. Costin will:

• Discuss what TIF districts are, how they can
  
  affect taxpayers, and the unique circumstances surrounding a potential Buffalo
  
  Grove TIF district.
  
  
  
  
• Outline the legal steps involved in creating a TIF
  
  district in Illinois and how citizens can participate in the process to
  
  influence the outcome. 
  
  
  
  
• Present information on Illinois TIF statutes that
  
  require TIFS to be used for areas with “blight factors,” and the restrictions
  
  of TIFS on public lands occupied by golf courses.
  
  
  
  

• Explore the numerous legal concerns surrounding
  
  CRM Properties Group's unique TIF district proposal for a Downtown Buffalo
  
  Grove development. 

“If this proposal
proceeds, it might be the first time in Illinois history that a TIF district
has been proposed for non-blighted lands entirely owned by the government,”
says Costin. “Because the proposed development area overlaps the boundaries of
several taxing bodies-- Village of Buffalo Grove, Vernon and Wheeling
Townships--local school districts and taxpayers in both Lake and Cook counties will
be affected by the proposed TIF district.”