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Chicago Suburb Considers TIF District to Spark Development

Hoffman Estates Wants to Generate Interest on 64-Acre Piece of Stalled Plum Farms Mixed-Use Project
Hoffman Estates is getting ready to vote on a tax-increment financing district on a 64-acre piece of property before there's a development plan in place. (jerry0984/Flickr)
Hoffman Estates is getting ready to vote on a tax-increment financing district on a 64-acre piece of property before there's a development plan in place. (jerry0984/Flickr)
By Jennifer Waters
CoStar News
December 17, 2019 | 9:16 P.M.

A Chicago suburb is looking to define the parameters of a vacant, but busy, intersection that faced a number of challenges in an earlier redevelopment attempt.

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