Tax Increment Financing (TIF)
What is Tax Increment Financing?
A TIF district is an economic development tool used by municipalities to help revitalize areas that are underperforming or not attracting private investment. When a TIF district is established, the current level of property tax revenue in that area is set as a baseline. As new development occurs and property values increase, the additional tax revenue generated (known as the “increment”) is set aside in a special fund and reinvested back into the district. These funds can be used for improvements such as infrastructure upgrades, site preparation, and other costs that help make redevelopment possible. The goal of TIF is to encourage growth and investment by using the new value created within the area, without increasing property tax rates.
The Village of Antioch uses Tax Increment Financing (TIF) districts as an economic development tool to encourage reinvestment, support public infrastructure, and help address conditions that may otherwise limit private development. The Village’s TIF districts include the Antioch Corporate Center TIF, focused on business and industrial development; the Route 83 Redevelopment TIF, supporting commercial and light-industrial redevelopment along Route 83 and Grimm Road; the Market Place TIF, intended to promote reinvestment in a key commercial area along Route 173; and the proposed Downtown TIF, which would support revitalization, rehabilitation, infrastructure, and mixed-use investment in and around Downtown Antioch.
Each district is governed by its own redevelopment plan and uses eligible tax increment revenues to advance public improvements and redevelopment objectives within its defined boundaries.
More specific information about opportunities in any of the TIF Districts can be directed to Jim Moran, Assistant Village Administrator, at
847-395-1000 x1321 or
jmoran@antioch.il.gov.
Village of Antioch TIF maps, eligibility reports,
and other documents:
Proposed Downtown TIF District:
The proposed Downtown TIF would encompass approximately 107.7 acres and 203 parcels in and around Downtown Antioch, generally bounded by Lake Street, Hillside Avenue, Orchard Street, Williams Street, and the Metra North Central Service rail line. The proposed district is designed to support downtown revitalization by addressing infrastructure needs, building rehabilitation, site preparation, streetscape and stormwater improvements, and barriers to private mixed-use and commercial investment; it remains proposed pending completion of the statutory approval process.
MAP: Proposed Downtown TIF District (Coming Soon)
Report: Village of Antioch Downtown TIF Eligibility Report and Redevelopment Plan and Project (PDF)
Interested Parties information:
- Public Notice: Tax Increment Financing (TIF) “Interested Parties” registry
- Registration Rules for the Tax Increment Financing (TIF) “Interested Parties” Registry
- Village of Antioch Tax Increment Financing (TIF) "Interested Parties" Registration Form
- Ordinance No. 26-09-48: Downtown TIF Interested Parties Registry
Additional Documents:
- Public Notice: Notice of Public Hearing and conviening a Joint Review Board
- Ordinance No. 26-09-47: Setting Time and Place for Public Hearing and Convening JRB
- Public Notice: Availability of the Eligibility Report and Proposed Redevelopment Plan
Antioch Corporate Center (IDI) TIF District:
Established in 2009, the Antioch Corporate Center TIF is a 248-acre redevelopment area located generally north of Illinois Route 173 and intended to support industrial and business-park development. The district uses incremental property-tax revenue, and applicable sales-tax revenue, to help finance public improvements and eligible redevelopment costs that facilitate business attraction, expansion, infrastructure, and job creation within the Corporate Center.
MAP: Antioch Corporate Center TIF District (Coming Soon)
Report: Village of Antioch Corporate Center TIF Eligibility Report and Redevelopment Plan and Project (PDF)
- Update: First Amendment to the Village of Antioch Corporate Center TIF Eligibility Report and Redevelopment Plan and Project (PDF)
- Ordinance No. 18-04-15: Approving the First Amendment to the Village of Antioch Corporate Center TIF Eligibility Report and Redevelopment Plan and Project (PDF)
Route 83 Redevelopment TIF District:
The Route 83 Redevelopment TIF encompasses approximately 73 acres of primarily vacant land generally bounded by Grimm Road to the south, Illinois Route 83 to the west, Illinois Route 173 to the north, and Sequoit Creek to the east, including several parcels south of Grimm Road. Created to address stagnant land value and adjacent deterioration, the district is intended to enable commercial and light-industrial redevelopment through site preparation, infrastructure investment, and other eligible TIF assistance.
MAP: Route 83 Redevelopment TIF District (Coming Soon)
Market Place TIF District:
The Market Place Redevelopment Project Area was advanced by the Village through a TIF eligibility report and redevelopment plan in 2024 to evaluate and support reinvestment in the Market Place area. The plan identifies the area’s redevelopment conditions, establishes a proposed project-area boundary, and provides a framework for using TIF-eligible improvements and incentives to promote commercial redevelopment and associated public improvements.
MAP: Market Place TIF District (Coming Soon)
Report: Village of Antioch Market Place TIF Eligibility Report and Redevelopment Plan and Project (PDF)
