Mascoutah, Illinois

Details

Category: Tax Increment Financing (TIF)

The City recently completed its third TIF District, the Mascoutah TIF III Redevelopment Plan and Project. This redevelopment project is intended to provide a revenue stream to make necessary storm water management improvements, assist with commercial and industrial development, and interstate interchange development.

The City of Mascoutah found that some elements of the original TIF 2B Redevelopment Plan, passed in 2000, were in need of updating. MED was able to assist with the Amended TIF 2B Redevelopment Plan and Project ensure that the TIF District funds could be properly utilized over the remainder of the District’s life.