Aurora to schedule hearings on proposed TIF districts
Both districts are what the city calls “micro-TIFs,” and are tied to redevelopment agreements the city has entered into with potential developers.
Source: chicagotribune.com
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Aurora moves toward enacting two tax increment financing districts tied to development projects
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.
Source: chicagotribune.com
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Aurora approves final plans for apartment complex downtown
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.
Source: chicagotribune.com
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Panel recommends final plan for downtown Aurora apartment complex
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.
Source: chicagotribune.com
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Plans approved for apartment building in downtown Aurora
Aurora City Council members Tuesday night approved plans for a seven-story apartment building on the west bank of the Fox River downtown.
Source: chicagotribune.com