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TIF District Incentives
About Richton Park TIF Districts
Richton Park currently has four Tax Increment Financing (TIF) Districts, covering most of its commercial development areas. TIFs are an economic development tool that helps communities create momentum for development, job growth, and new construction opportunities.

The TIF districts in Richton Park cover many types of development opportunities. The Governors / Sauk TIF District includes Richton Park's Town Center Plan where mixed-use, transit oriented development projects are planned. The Governors Highway TIF District covers a prime spot for the redevelopment of a retail corridor. The Lakewood TIF District offers land development opportunities for retail, medical/office and light industrial projects. The Bohlman TIF District focuses on one of the village's industrial development areas. The Crossings TIF District was dissolved December 2011.

More Information
For additional information about Richton Park's TIF Districts and how they can asisst new development, either contact us at (708) 753-8820 or visit theIllinois Tax Increment Association website.


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