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TIF District #3
Millrace Fence
Deterioration and Excessive Vacancy in the proposed Geneva Fox River Redevelopment Project Area (TIF #3)

Geneva Fox River Redevelopment Project Area (TIF 3)
Proposed RPA Boundary for TIF 3 In March 2014, SB Friedman Development Advisors was engaged by the City of Geneva to conduct a formal Tax Increment Financing (“TIF”) Eligibility Study and prepare a Redevelopment Plan and Project. This report details the eligibility factors found within the Geneva Fox River Redevelopment Project Area (the “RPA” or “TIF 3”) in support of its designation as a “conservation area” within the definitions set forth in the Illinois Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et seq., as amended (the “Act”). In addition to the eligibility analysis, this report also contains the Redevelopment Plan and Project for the RPA.

The RPA consists of 84 tax parcels and 49 buildings located east and west of the Fox River. The RPA covers approximately 98.7 acres (40.5 acres of parcel area within the RPA, 16.0 acres of public rights-of-way, and 42.2 acres of non-parcelized river area), and generally includes parcels fronting the river, from Woodward Avenue to the Union Pacific railroad; parcels on both frontages of State Street, from the Fox River to School Street; and parcels fronting the river on the west bank between State Street and Stevens Street, west to First Street or River Lane. The eastern boundary of the RPA is adjacent to the existing East State Street TIF District. The RPA primarily includes commercial and multifamily residential properties, and public open space along the river.

The Geneva City Council voted July 25, 2016 to approve the TIF 3 plan.

Eligibility Study and Redevelopment Plan and Project Reprot
View the complete Geneva Fox River Redevelopment Project Area (TIF 3) Report.

Interested Parties Registry 
Register on the Interested Parties Registry for the Geneva Fox River Redevelopment Project Area (TIF No. 3).

Public Response To Comments/Questions
The City has provided a detailed response to public questions/comments received about the proposed TIF District to help clarify some misinformation.

More Information
Information on TIF's can be found on the State of Illinois Tax Increment Finance Association.
 View TIF FAQs.