After eight months of Public Hearings and public meetings, and countless hours invested by the Mayor and Village Board, Plan Commission, Economic Development Commission and a Joint Review Board of local taxing bodies, a new North Lincoln Tax Increment Financing (TIF) District and a Redevelopment Agreement for the District 1860 project were both approved at the February 5 Village Board meeting. At that same meeting, the Village terminated the Lincoln-Touhy TIF and approved an Intergovernmental Agreement with Lincolnwood School District 74 and Niles Township High School District 219 to ensure that their costs to educate any students who move from outside the Village into the North Lincoln TIF District will be covered by the revenue generated in the TIF District.
The District 1860 project, which consists of 85,000 square feet of commercial space, a 225-room dual-branded Marriott Hotel (Residence Inn and Courtyard Hotel) and 300 luxury residential apartments is being developed by Tucker Development Group of Highland Park, Illinois. Tucker Development Group received approval for their Preliminary Planned Unit Development plans last November and anticipates completing their Final Planned Unit Development plans this spring, with construction on the property scheduled to begin this fall. The February 5 approvals represent a major milestone in the review and approval of this project, with final details and construction plan approval all that remains to be completed before a groundbreaking on this project, which will be transformational for this area at the crossroads of the Village.
This page will be updated periodically as new information is available about the District 1860 site. Please note that as this project is reviewed by Commissions and the Village Board, the specifics of the District 1860 Development may have changed. For the most up to date information, please refer to the most recent documents available below: