New TIF coming to Brown and Franklin?

New TIF coming to Brown and Franklin?

Forest Park could have a new TIF, or Tax Increment Financing District, this year, aiming to bring more development to the area of Brown Avenue and Franklin Street.  When TIFs are created in an area, a base property value is established and, as it increases, revenue goes into that TIF fund to be used to finance future development.   At its Feb. 23 meeting, the village approved having the area of Brown and Franklin be evaluated for its eligibility…