Category: Economic Development

Maywood Approves $1.4M Tax Break Over Manager’s Warnings Of Possible Tax Hike For Residents

Sunday, October 7, 2018 || By Michael Romain || @maywoodnews 

Featured image: National Cycle in Maywood, which secured a tax break so that it can expand its footprint and shore up its finances. | Google Maps 

The Maywood Board of Trustees recently signed off on a significant tax break for one of the village’s oldest businesses even as the village manager warned that the measure could lead to higher taxes for other property owners in town.

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Can Maywood Be An Arts Hub? Residents Say, ‘The Time Is Now’

Sunday, September 23, 2018 | By Michael Romain || @maywoodnews 

Featured image: Wendy Holmes, of Artspace, during a Sept. 6 meeting in Maywood to discuss the feasibility of an Artspace development coming to the village. | File 

A group of community leaders and arts advocates in the Proviso Township area want Maywood to become an artistic hub that will attract creatives in all genres and media to the village. The anchor of that plan? The construction of live-work space for artists.

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Bellwood Taxing Bodies To Get More Tax Revenue as Prairie View TIF Expires

Saturday, September 22, 2018 || By Igor Studenkov || @maywoodnews 

Featured image: Prairie View Apartments, a senior housing development in Bellwood that prompted the creation of the the C&NW Project 2 TIF, which recently expired. | MAI Architects 

The Bellwood Board of Trustees voted unanimously to allow the C&NW Project 2 Tax Increment Financing district to expire during a regular meeting on Sept. 19.

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