Homewood plans to see through the process of its settlement with the developer of the property on land of the former Calumet Country Club, but that doesn’t necessarily mean the development will be approved. “What the village has promised (Diversified Partners) as part of that settlement agreement is a process.[Read More…]
Tag: TIF
TIF to help Bogart’s redevelopment on Homewood board agenda
Homewood trustees will have an opportunity Tuesday to continue the process of creating a small tax increment financing district (TIF) downtown that is expected aid the redevelopment of the former Bogart’s Charhouse site at 18225 Dixie Highway. The restaurant closed in 2012, and the building has been vacant since then.[Read More…]
Homewood approves incentive to pay for fire alarm
The Homewood village board this week approved a reimbursement for safety upgrades to a local property. The money will help pay for a fire alarm system for the a building between 18673 and 18681 Dixie Highway, owned by Vivek Pinto. The building contains Reflections Yoga Center and The Lilly Pad[Read More…]
Homewood presents new TIF district plan at public hearing
Homewood officials and a financial consultant introduced the plan for a proposed tax increment financing (TIF) district in the downtown area during a public hearing at village hall on Tuesday, April 11. Several residents asked questions about the TIF plan and about one of the first projects expected to benefit[Read More…]
Homewood approves feasibility study aimed at downtown redevelopment
Homewood trustees approved two ordinances that will help bring the redevelopment plans for the central business district closer to reality. At the Jan. 24 village board meeting, the board members unanimously agreed to authorize a study of the feasibility of establishing a downtown transit oriented development tax increment financing (TIF) district.
Village reaffirms incentives for Lassen’s project with amended agreement
Plans for improvements to Lassen’s Sports Bar and Grill have been scaled back, but Homewood trustees approved an amended agreement Tuesday, Oct. 25, reaffirming a $203,500 investment in the project. Renovation plans for the popular eating and drinking establishment are still on the drawing board, but business owner Chris Rieckerman[Read More…]