28 Business View Magazine - April 2016
regulations. However, some developments are public/
private partnerships. “Many of the downtown develop-
ments were the result of those types of partnerships,”
he explains. “The Village purchased property or invest-
ed tax increment financing funds into the projects to
make them become a reality.”
(Tax increment financing ((TIF)) is a public financing
method that is used to provide incentives for redevel-
opment, infrastructure, and other community-improve-
ment projects. It provides the means for cities, towns,
and counties to gain approval of redevelopment of
blighted properties or for public projects such as city
