Tax Increment Financing In Southwestern Illinois

Southwestern Illinois TIF Success Stories O’Fallon uses TIF to mitigate undermining and make new HSHS St. Elizabeth’s Hospital possible By ALAN J. ORTBALS    Ground was broken last summer on the new, $300 million HSHS St. Elizabeth’s Hospital in O’Fallon, Ill., but it wouldn’t have happened without tax increment financing, according to Ted Shekell, the city’s…

Southwestern Illinois TIF Success Stories Moran Economic helps cities use TIF and other tools to attract development By ALAN J. ORTBALS    While Moran Economic Development is not an old firm, it’s quickly become the economic development right arm of many communities in Southwestern Illinois.     Keith Moran, president of MED, said that he’s on call…

Southwestern Illinois TIF Success Stories Edwardsville used TIF to rejuvenate Downtown, create jobs, spur new development By ALAN J. ORTBALS    Over the past 23 years the city of Edwardsville has established four tax increment finance districts and each one has been a great success.     “I think the city of Edwardsville has gone about this…

Southwestern Illinois TIF Success Stories Columbia aims to revamp section of main with thoughtful TIF approach By ALAN J. ORTBALS    Columbia, Ill., is in the process of creating a new tax increment finance district in hopes of enabling an imaginative reuse of a full block of Main Street.    The target property consists of the Immaculate…

Southwestern Illinois TIF Success Stories Collinsville working on new TIF district to rejuvenate Collinsville Road area By ALAN J. ORTBALS    The city of Collinsville is currently working on its fourth tax increment finance district. If things go as planned, the city council will vote on it this summer.    The new district is planned to run…

Southwestern Illinois TIF Success Stories Belleville TIFs: downtown rejuvenation, Lindenwood University, Hofbrauhaus and more By ALAN J. ORTBALS    The city of Belleville has been using tax increment financing effectively for more than 30 years. Its latest district is the $100 million development on Illinois Route 15 across from the National Shrine of Our Lady of…