Description
Located in Pekin's newly proposed TIF District. TIF helps municipal governments stimulate redevelopment in a designated area. Using this financing tool, the City can reimburse developers for certain expenses using the property tax revenue that new development in the TIF district generates. Expenses eligible for reimbursement include: Costs of rehabilitation, reconstruction or repair or remodeling of existing buildings, fixtures and leasehold improvements & more. Here's a great opportunity to relocate or start your business in a in a TIF district. The second floor has a 2-bedroomapartment that rented for $500 a month.
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0BEDS
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0.22ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Located in Pekin's newly proposed TIF District. TIF helps municipal governments stimulate redevelopment in a designated area. Using this financing tool, the City can reimburse developers for certain expenses using the property tax revenue that new development in the TIF district generates. Expenses eligible for reimbursement include: Costs of rehabilitation, reconstruction or repair or remodeling of existing buildings, fixtures and leasehold improvements & more. Here's a great opportunity to relocate or start your business in a in a TIF district. The second floor has a 2-bedroomapartment that rented for $500 a month.
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