|Designation: 1994 Expiration: 2017
Surrounded by industrial, service, retail and residential properties on the Far Southeast Side, the 126th/Torrence TIF district encompasses approximately 312 acres of land that was almost entirely vacant at the time of its designation. The purpose of the TIF is to support industrial development within its borders through land assembly assistance, site improvements, and related infrastructure work. Virtually all of the increment projected to be generated by the district is targeted for physical priorities, especially the construction of new interior streets and the environmental remediation of contaminated properties. Suitable site preparation efforts are intended to facilitate the construction of a modern industrial park that takes advantage of the district's proximity to area employers, especially Ford Motor Co., and its comprehensive transportation routes.
Redevelopment Plan (PDF)
Designation Ordinance (PDF)
Annual Report (PDF)
Projection Report (Open Data)