Lisle Sets Public Hearing On TIF Extension, Family Square

Lisle is set to hold a public hearing on two connected local-government matters: a proposed extension of a tax increment financing district and redevelopment plans for Family Square.

What the hearing covers

The hearing will focus on whether the TIF district should continue beyond its current term and on the proposed redevelopment of Family Square. TIF districts are local areas where changes in property-tax revenue are used to support economic-development work.

The public hearing is part of the village’s consideration of the proposals. Residents and other members of the public can follow the discussion and address the matters during the hearing.

Why the process matters

A public hearing gives the village a formal setting to explain the proposals and receive public comment before action is taken. The hearing itself is not a final decision on the district extension or the Family Square redevelopment.

Lisle’s discussion comes as the village considers both the future of the TIF district and the next steps for the Family Square project. The village’s public records and hearing materials will show what action officials take after the discussion.

Patch reported on the upcoming Lisle hearing.