This 7.5 acre TIF District in Lisle's rapidly growing Downtown offers excellent potential for retail, commercial, and mixed-used development. With over $50 MM of new private sector investment in concert with $20 MM of recent public improvements in the Downtown, Lisle's central business district offers a unique opportunity to construct a P3 project in an extremely desirable part of Chicago's thriving Western Suburbs. To assist in offsetting capital costs the Village of Lisle has enacted a $17.5 million TIF, and an efficient entitlement process has been designed to mitigate risk and protect investment. Sales Tax Sharing is also available for the retail users within the TIF District.
Bounded by a major arterial - Ogden Ave./Rt. 34 - to the north with an ADT/VPD of over 28,000 and a signalized hard corner, the site offers both strong exposure and easy access. And the site's immediate adjacency to one of the Metra/BNSF rail line's busiest stations, with over 20,000 commuters weekly, creates the potential for TOD projects within one block of the platform. These features in combination with Lisle's strong demographics and economic environment - the 2016 estimated median household income (MHI) exceeds $109,000 - produce a great opportunity for developers and investors.
Created on October 7th, 2016 (last updated 5 months ago)