Published by admin on Tue, 07/21/2020 - 5:18pm
Nine years ago the village of Coal City established its first tax increment financing [TIF] district to encourage economic development. The village is now planning to expand the district’s boundaries.
Based on interest and the amount of available property prime for retail and industrial development, Coal City’s Administrator Matt Fritz informed the Village Board this month that “it would be advantageous to add additional property within the district in order to induce developers to place their projects within Coal City.”