This area is called the Main Street/University Avenue TIF District. The plan and project area is discussed within the TIF Redevelopment Plan and Project. The TIF Redevelopment Plan and Project is the proposed Main Street/University Avenue Development Project Area (TIF District). The TIF District is a contiguous area generally described as parcels along Brown Boulevard, Main Street and Marsile Street. It is approximately 159 acres in size excluding rights-of-way. It includes approximately 227 tax parcels, which are shown in the boundary map. It consists of approximately 182 structures - primarily commercial, industrial and retail uses along with some residential units. At least 74 percent of the structures are 35 years of age or older.
The Village of Bourbonnais’ objectives and goals to encourage the TIF District are as follows:
Three Village of Bourbonnais ordinances passed and adopted regarding the TIF District are as follows: