What will the new TIF be used for?

The TIF will be used to meet the goals of and finance the Village’s Town Center redevelopment plan, which are to attract new restaurants and retail businesses, create new public amenities and beautification projects, and permanently generate additional revenue for the Village, schools, parks, library, Fire Protection District and other taxing bodies. The plan also allows for the construction of a new Village police department and municipal center, which will open up the current Village Hall site for redevelopment on a prime location right next to the Metra station.  

Ground has already broken on a new office building across from the Village Hall, which will host retail and restaurants on its first floor and serve as an anchor for further mixed-use development on surrounding blocks. 

Along with new businesses catering to residents and visitors, public developments will include a public plaza on part of the land currently occupied by the Village Hall, new streetscaping, outdoor furniture, plantings, sidewalks and other amenities.  

Show All Answers

1. What is a Tax Increment Financing (TIF) District?
2. What will the new TIF be used for?
3. What are the key benefits of the TIF for Winfield?
4. Will my property taxes go up because of the TIF?
5. Who supports the TIF?
6. Why do some people oppose the TIF?
7. How can I be sure this financing tool will work out for Winfield?
8. How will the TIF benefit the two local school districts?
9. What is the role of Central DuPage Hospital (CDH) in the TIF?
10. What is happening to the first Winfield TIF?
11. What are the next steps for the approval of TIF #2?