More details published by agreement after the vote; “Pay-As-You-Go, there is no upfront TIF financing”
By
Tom Robb
|
on September 29, 2023
An aerial map rendering shows Phase I plans for a redeveloped Golf Mill shopping center with Niles Village.
Niles trustees approved a term sheet Tuesday (Sept. 26) in the first step toward establishing a redevelopment agreement with the owners of the Golf Mill shopping center. Village officials also released more details on how up to $96 million in state TIF funds could be used to help finance a new golf course mill, which is estimated to cost $440 million.
A redevelopment agreement for what will be…
By JamesMcGhee