Village of Lemont, IL
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Tax Increment Financing (TIF) is a tool the Village of Lemont uses to encourage redevelopment and infrastructure improvements within designated areas. Each TIF district may remain in place for up to 23 years under Illinois law.
I&M TIF
Created: May 2020
Expires: 2043
Total Area: 42.64 acres
Parcels: 91
Boundary Map
The I&M TIF District supports redevelopment efforts in the historic downtown area adjacent to the Illinois & Michigan Canal. The district includes properties generally extending from east of Stephen Street to west of Ed Bossert Drive.
The purpose of the I&M TIF is to assist with reinvestment in downtown properties, support canal-related improvements, and strengthen downtown as a destination for residents and visitors.
TOD TIF
Created: August 2018
Expires: 2041
Total Area: 22.3 acres
Parcels: 114
Boundary Map
The Transit-Oriented Development (TOD) TIF District promotes redevelopment near the Lemont Metra Station. The district primarily includes properties south of the station along Main Street and Illinois Street.
The goal of the TOD TIF is to encourage walkable, mixed-use development and enhance downtown economic activity through transit-oriented investment.
Canal TIF
Created: February 2006
Expires: 2029
Total Area: 56.06 acres
Parcels: 26
Boundary Map
The Canal TIF District was created to provide funding for redevelopment and infrastructure improvements in portions of downtown not included in the original Downtown TIF District.
Major projects have included the construction of a 262-space public parking structure, relocation of overhead utilities, and reconstruction of River Road and Front Street, including new water and sewer mains, curb and gutter, paver sidewalks, and street lighting.
Main & Maley TIF
Created: February 2026
Expires: 2049
Total Area: 135.59 acres
Parcels: 29
Boundary Map
The Main & Maley District was established to encourage reinvestment and modernization within an aging industrial area that has experienced underinvestment, infrastructure deficiencies, and recurring stormwater concerns.
The goal of the Main & Maley TIF is to support coordinated public infrastructure improvements, including roadway, water, sanitary sewer, and stormwater upgrades, and to facilitate redevelopment that strengthens the Village’s industrial employment base and long-term tax stability.
Main & Archer TIF
Created: January 2017
Expires: 2040
Total Area: 28.12 acres
Parcels: 14
Boundary Map
The Main & Archer TIF District is located at the intersection of IL Route 83 (Archer Avenue) and Main Street. The district was created to leverage a high-visibility corridor and encourage commercial investment at this key gateway location.
Gateway TIF
Created: February 2009
Expires: 2032
Total Area: 77.19 acres
Parcels: 77
Boundary Map
The Gateway TIF District encompasses property between the Cal-Sag Channel and Archer Avenue. The district was established to address inadequate utilities, deteriorating infrastructure, and land use challenges.
With assistance from a Special Service Area (SSA), water and sewer utilities were extended along Main Street to IL-83 to support economic development.
About TIF
When a TIF district is established, the current equalized assessed value (EAV) of property within the district establishes a base value. Taxing bodies continue to receive property taxes based on this base value.
Any increase in property value above the base generates incremental tax revenue. That increment is deposited into a special fund and used to pay for eligible redevelopment costs such as infrastructure improvements, site preparation, and public enhancements within the district.
Location within a TIF district does not increase a property owner’s tax rate.
For additional information, visit the Illinois TIF Association website.
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