CARROLLTON, ILLINOIS (Excerpts from myhournalcourier.com) — The Carrollton City Council is moving forward to establish a downtown TIF district, voting on a handful of resolutions necessary for district creation.
Pat Pinkston, adviser to the Carrollton Square Initiative — an initiative to spur economic growth in the city’s downtown — supports developing the district. The group plans to roll out in late September proposed economic strategies based on discussions with business owners and analysis from design firm Vandewalle & Associates and will work on developing a plan for improving the downtown area. The revenue raised from a TIF district would help them implement their plan, Pinkston said.
“TIFs are one of the mechanisms to fund the development plan,” Pinkston said. “It’s a funding mechanism that can make economic developments stable.”
