During a recent government meeting, officials discussed the financial projections for Tax Increment Districts (TIDs) 9 and 10, highlighting their current status and future implications for local development.

For TID 9, which is not expected to see new developments, the existing incremental value is projected to remain stable over the next 20 years, generating approximately $13.3 million in tax increment revenue. The district is set to close in 2031, although there may be opportunities for additional investments or project costs before that date.

In contrast, TID 10, established in 2018 as a mixed-use district, is projected to close in 2038. The district currently shows an incremental value of just under $3.5 million, with a deficit of about $32,447 anticipated by the end of 2023. A significant development within this district is the proposed Amazon facility, which has recently begun site work. Officials estimate a three-year construction timeline, with vertical construction expected to commence in 2025. The projected incremental value from this project is conservatively estimated at $245 million, contributing to an anticipated total of $61.4 million in future tax increment collections.

The meeting underscored the importance of these districts in shaping the village's economic landscape, with officials expressing optimism about the potential for growth and investment in the coming years.