TIF III - Joint Review Board

TIF III runs along IL Hwy 84 encompassing part of Colona’s business district.  It begins on 10th Avenue on the west side of Hwy 84, includes 1st Street and the east side of 2nd Street extending north to the canal.  On the east side of Hwy 84, the TIF includes the 800 block of Green Park Avenue plus City Hall property at 100 East 9th Avenue.  The TIF includes the street of Green Park Avenue (east of Hwy 84) north from City Hall to East 5th Avenue, but not the buildings.  It also includes East 5th Avenue and the property south of the canal.  TIF III expires in 2023.  TIF III active projects include a small subdivision called Greenview Estates located at Greenview and East 5th Avenue as well as a commercial parcel located on IL 84 (see sidebar on Available Sites page).