$440M Golf Mill Town Center Mall redevelopment gets green light from Village of Niles ...Middle East

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$440M Golf Mill Town Center Mall redevelopment gets green light from Village of Niles
source : NBC Chicago ( Middle East ) () 33
The Niles Village Board of Trustees approved a “historic” agreement during a board meeting Tuesday night to move forward on a $440 million project to redevelop the decades-old Golf Mill Town Center mall. According to a press release, the agreement, which creates a public-private partnership with mall owner Sterling Organization, says the village of Niles will provide $96 million in Tax Increment Financing (TIF) incentives to the developer. The developer would then be reimbursed as the multi-phase project gets completed, the agreement said. Niles Mayor George D. Alpogianis previously told NBC Chicago the plan would not include an increase in property taxes for residents. “One of M

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