Northeast Airport TIF (TIF #2)

Established May 5, 2015

Expires: May 5, 2038

The Northeast Airport TIF was created to provide TIF funding to bring sanitary sewer and water services and other public infrastructure improvements to the commercial and industrial area generally on the east side of the Aurora Municipal Airport along Municipal Drive between Wheeler Road and US 30. A detailed TIF boundary map is provided in the Northeast Airport TIF Redevelopment Plan Report. The goal of the TIF is to cultivate economic growth in an area that has seen no private investment despite the efforts of the Village over the years to stimulate economic development in the area by zoning the property for industrial development, constructing Municipal Drive and West Galena Boulevard, and constructing utilities along Wheeler Road. The TIF was recently formed and no (re)development projects have yet begun since the creation of the TIF district.

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