The City of Bloomington is considering adoption of a Tax Increment Financing (TIF) Redevelopment Plan and Project for the Downtown TIF Redevelopment Project Area. The Downtown TIF Plan would be done in accordance with the Illinois Tax Increment Allocation Redevelopment Act (65 ILCS 5/11-74.4-1 et. seq.) (the “Act”).

The  public meeting will be held to review the Downtown TIF Plan on Monday, April 29,
2024, at the Government Center in the 4th Floor Government Center Board Room, 115 E
Washington Street, Bloomington, IL 61701 at 6:00 pm.

All interested persons will be given an opportunity to be heard at the public meeting. 

The purpose of a TIF redevelopment project area is to promote and protect the health, safety, morals and welfare of the public by removing or alleviating adverse conditions in a targeted area through inducing private and public investment with the ultimate goal of restoring and enhancing the tax base in the area, and other such purposes, pursuant to the Act.

Tax increment financing utilizes the increase in real estate taxes (“tax increment”) resulting from the increase in value of properties that are improved or redeveloped within the Project Area to pay for certain redevelopment projects costs as provided for in the Act.

To view the redevelopment plan and a map of the proposed redevelopment area, visit Bloomingtonil.gov

If you have any questions or would like additional information regarding the proposed Downtown TIF Plan, please contact: 

Ellen Robertson
Sr. Economic Development Specialist
City of Bloomington
115 E Washington Street
Bloomington, IL 61701
(309) 434-2443
erobertson@cityblm.org