South Arlington Heights Road Corridor

SouthCorridorMapIn June, 2020 the Village Board approved a tax increment financing district at the southern gateway to the Village, which includes a 65-acre area along Arlington Heights Road from the tollway interchange north to Seegers Road.

The Tax Increment Financing (TIF) district is an economic development tool used by municipalities to spur redevelopment within a specific area that has certain conditions that deter private investment in the area including deteriorating buildings, excessive vacancies, lagging/declining equalized assessed value (EAV), inadequate utilities, etc.

A TIF district uses future tax revenues to finance redevelopment activity. In the State of Illinois an area can be designated as a TIF district if it faces certain impediments to redevelopment. At the time of designation, the equalized assessed value of tax parcels within the boundaries of the district are “frozen” for the term of the TIF district. Taxing jurisdictions that overlap that district such as school,  park and library districts continue to receive property taxes, but those revenues are limited to those based on the “frozen” equalized assessed values. Any property tax revenue generated from increases in equalized assessed value relative to the frozen values are deposited in a special tax allocation fund. This revenue is then used to finance redevelopment activities within the district to accomplish various community and economic development goals. 

Please view details of the approved Tax Increment Financing (TIF) Redevelopment Plan  as well as the South Arlington Heights Road Corridor Plan, completed in 2018, which outlines the Village’s vision and strategies for improvements to this important Gateway to the Village. In adopting the 2015 Comprehensive Plan for the Village, this gateway was identified by the Board as a priority corridor to improve upon the many existing positive qualities that the corridor offers while improving the gateway through beautification, redevelopment, walkability, and by establishing an identity for the area.

The 1.2 mile long corridor begins at the southern border of the Village at the Jane Adams Tollway extending north to Noyes Street. The corridor consists of various commercial uses including 7 hotels with close to 1,000 rooms, which serve as an economic engine for the corridor. Unique to the corridor is the Mitsuwa Marketplace at Algonquin Road, which provides a marketplace for Japanese foods and retail items. In addition, the area is served by a full access interchange at I-90 and Arlington Heights Road, providing great access to the corridor. 

The Plan establishes recommendations to address current conditions and implement improvements to the corridor as the primary Gateway to the Village.  If you have any questions on the plan, please email the Planning and Community Development Department.