According to the TIF law, no redevelopment plan may be adopted unless it conforms to the comprehensive plan for the redevelopment of the community as a whole. The TOD is presently under consideration by the Illinois assembly to qualify as a redevelopment plan. If it does not yet qualify even as a redevelopment plan, it can hardly qualify as a comprehesive plan, as a comprehensive plan is greater than a redevelopment plan.
From the Illinois TIF Assn, which supports these bills:
"HB0256, sponsored by Rep. Mike Fortner (R-95, West Chicago) and Rep. Fred Crespo (D-44), as well as HB1884, sponsored by Rep. Kathleen Ryg (D-59, Vernon Hills) and Rep. Fortner. These bills both amend the TIF Act to provide that Transit Oriented Development qualify as an allowable redevelopment project. HB0256 is identical to the bill ITIA supported last session that passed overwhelmingly out of the Senate but died in the House. HB1884 amends this original language to address concerns that House leadership had with that bill. ITIA supports both bills, but gives preference to HB1884 as it includes additional language ITIA drafted and supports."
Therefore, I would ask, where is that comprehensive plan for the redevelopment of the community as a whole that is required before a TIF redevelopment plan can conform to it?
Posted Monday Apr 30, 2007 10:59
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