Tax Increment Financing Districts


Please contact the Office of Planning and Economic Development at the City of Springfield, 2177892377 X 5471, for more information on this program.

Tax Increment Financing, or TIF, is a tool to use future gains in taxes to finance redevelopment and community improvement projects. The City of Springfield has designated nine areas of the city as Tax Increment Financing Districts. TIF funds support many improvements, including roadway access, demolition of old buildings, streetscape, site preparation, infrastructure, and building rehabilitation. To see a map with all of the TIF Districts, click here.To view the TIF Development guide, please click here.

If you are interested in applying for TIF assistance, please schedule a meeting with OPED Staff and complete this application.

The following local areas have been designated by the City Council to be TIF Districts and have benefited in varying degrees, from roadway access, demolition of old buildings, streetscape, site preparation, public utilities, lighting, infrastructure rebates, and building rehabilitation. To see the map of each district, click on the district title:

  Tax Increment Finance (TIF)

Central Area (Downtown)
Designated December 1981
Expires December 2028

The oldest and most successful TIF in Springfield provides several rehabilitation and business attraction incentives for property owners and local businesses. Major projects include infrastructure and streetscape, support for the Abraham Lincoln Presidential Library and Museum, upper story residential rehabilitation, and the Kidzeum.

   

Far East Side
Designated February 1995
Expires February 2030

Infrastructure assistance was used to encourage redevelopment of housing, retail, and commercial properties. The Far East TIF was recently extended until 2030 and offers a 50/50 matching grant exterior rehabilitation program for single family owner-occupied homes. City Council approved a plan amendment for the Far East TIF, which expanded the boundary. You can read the report here.
   
Enos Park Neighborhood
Designated December 1997
Expires December 2020 		Rehabilitation assistance within this primarily residential TIF has focused on the redevelopment of single-family homes, some light commercial properties, and renovations to the Springfield Art Association. The Enos Park TIF offers a 50/50 matching grant exterior rehabilitation program for single family owner-occupied homes.
   
SHA (Madison Park Place)
Designated December 1999
Expires December 2022 		TIF grants for infrastructure improvements and site preparation were used to transform this former public housing development into a viable mixed density residential neighborhood with some commercial development.
   
Northeast

Designated December 2003
Expires December 2026

 The Northeast TIF was created to improve roads, sewer, and lighting in anticipation of commercial development. This area of the City is now a bustling commercial hub.
   
MacArthur Boulevard
Designated February 2012
Expires February 2035
 Infrastructure, site preparation, and building rehabilitation assistance helped redevelop this blighted former retail complex location to bring a new grocery store and convenience store/gas station to the MacArthur Boulevard Neighborhood.
   
Dirksen Parkway Commercial
Designated December 2012
Expires December 2035
 This commercial TIF encompasses an area facing blighted and obsolete properties and infrastructure that will benefit from new economic development opportunities.
   

Peoria Road
Designated November 2017
Expires November 2040

 The Peoria Road TIF is the newest TIF in Springfield, created generally along Peoria Road from North Grand to Sangamon Avenue.  A copy of the plan can be found here.

Lumber Lane
Designated October 2018
Expires October 2041

 The Lumber Lane TIF is a one-parcel TIF district, specifically targeted to incentivize new business development in Springfield.

 

TIF COMPLIANCE REPORTING

State law mandates that each municipality with a TIF district must file an annual report with the Illinois Comptroller. The City of Springfield’s reports can be found on the Comptroller’s website. To see these reports, click here.

To see a map with all of the TIF Districts, click here.