Tax Increment Financing utilizes incremental property taxes attributable to new growth as a way to incent private investment, and to finance needed public improvements. There are two established TIF’s within the City of Kankakee.
Created in ____, the 308 Riverstone TIF is TIF is intended to incent private investment in new and the renovation/rehabilitation of existing commercial and office buildings, development of highway related logistics and retail development, and allow for the installation of new welcoming and wayfinding signs at the 308 exit.
Insert TIF Map
For more information, please contact the City of Kankakee Economic Development Department