Pacifica Riverview News Today

Both districts are what the city calls “micro-TIFs,” and are tied to redevelopment agreements the city has entered into with potential developers.

In TIF districts, assessed value is frozen for the purpose of tax collection, and as the value of the property rises, the taxes created by increasing property value goes into a special fund, known as an increment. That money is used for expenses related to the development.

Aurora aldermen recently approved final plans for the 187-unit Pacifica Riverview apartment complex between the Fox River and North River Street in the city’s downtown.

An Aurora City Council committee this week recommended final plans for the 187-unit Pacifica Riverview apartment complex planned between the Fox River and North River Street.

Aurora City Council members Tuesday night approved plans for a seven-story apartment building on the west bank of the Fox River downtown.

The city of Aurora signed off on a second downtown riverfront residential community in a year.

An Aurora City Council committee has recommended a plan for apartments on the west side of the Fox River downtown.