The Village of Skokie has a generational opportunity to induce several transformational developments at an important intersection in the Downtown on properties that have been vacant, underutilized and declining in equalized assessed value (EAV) for many years. A brand new Homewood Suites by Hilton Hotel and Conference Center is being proposed for the former Sanford Brown College site at 4930 Oakton Street and will include formidable conference/banquet space, ground floor retail, and a unique restaurant/rooftop bar, along with other attractive amenities. The Oakton-Niles Tax Increment Financing District (TIF) is proposed to support this and other new developments in Downtown Skokie. See timeline for approval consideration process and answers to frequently asked questions about the proposed Oakton -Niles TIF, the developments it will support and benefits to the community.
Representatives from the taxing jurisdictions voted unanimously to recommend the proposed TIF District on the basis of the proposed TIF District satisfying the statutory eligibility criteria for a 6.5-acre area in Downtown Skokie following a presentation by Village of Skokie staff and consultants on the merits and qualification of the proposed TIF District. Representatives included: Niles Township Government, Niles Township High School District 219, Oakton Community College, Skokie/Morton Grove School District 69, Skokie Library District, Skokie Park District, the Village of Skokie and an at-large public member.
A public open house on the proposed new TIF that includes an update on all Downtown Skokie development is scheduled for Tuesday, August 13, 2019, from either 11:30 a.m. to 2:30 p.m. or 5:30 to 8:30 p.m. at Ignite Skokie, 8125 Skokie Boulevard, Skokie. The event is open to the public.