City of Springfield, Illinois

Misty Buscher - Mayor


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Tax Increment Finance (TIF) Incentives





Tax Increment Financing is a tool to use future gains in taxes to finance redevelopment and community improvement projects. The City of Springfield has designated eight defined areas of the city as Tax Increment Financing Districts. The TIF districts were established in order to attract private developers to blighted areas that were in need of redevelopment. TIF funds support many improvements, including roadway access, demolition of old buildings, streetscape, site preparation, public utilities, lighting, infrastructure rebates, and building rehabilitation.

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:


  Macarthur Boulevard Corridor (February 2012) - Infrastructure, site preparation and building rehabilitation assistance will help 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 (December 2012) - This newest commercial TIF encompasses an area facing blighted and obsolete properties and infrastructure that will benefit from new economic development opportunities.
  Central Area (Downtown) (December 1981) - The oldest most successful TIF in Springfield provides several rehabilitation and business attraction programs for property owners and local businesses. All Central Area programs are contingent upon available funds and are only available to properties and businesses located within the TIF area.
  Fiat Allis Complex (Park South) (November 1989) - Site preparation, infrastructure assistance, and demolition of an obsolete industrial complex has paved the way for new commercial, professional and office/retail development.
  Springfield Far East (February 1995) - Infrastructure assistance was used to encourage redevelopment of housing, retail, and commercial properties.
  Enos Park - Neighborhood (December 1997) - Rehabilitation assistance within this primarily residential TIF has focused on the redevelopment of single-family and some light commercial properties.
  S. H. A. (Madison Park Place) (February 1999) - Infrastructure assistance and site preparation has redeveloped this former public housing development into a viable mixed density residential neighborhood with some commercial development.
  Northeast (December 2003) - Infrastructure assistance will develop this area into a viable commercial and retail complex.
  Jefferson Crossing (September 2007) - Infrastructure assistance will develop this area into a viable commercial and retail complex.


For more information about our Tax Increment Finance Incentives, please contact Abby Powell in our Office of Planning and Economic Development below.
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