• A+
  • A-

Tax Incremental Finance District #1

Tax Incremental Finance District #1



The Village of Bellevue has long recognized that the area surrounding the interchange of State Highway 172 and County Highway GV (Monroe Road) would be the commercial center not only for the Village of Bellevue but for the metro area east of the Fox River. A number of projects have been proposed throughout the years in this area but failed to materialize. The Village Board determined that the creation of a Tax Incremental Finance District (TID #1) was an option to help stimulate development. In 2013 the Village created TID #1 and secured the first user for the area (Costco) to be the anchor of the triangle. TID #1 is envisioned to be a mixed-use development area with retail, commercial, residential, and other complimentary uses but is just a small part of over 500 acres of developable land in this area.

In 2022, the Village received approval from the Joint Review Board to amend the Project Plan and Boundaries of TID #1 adding additional acreage for development on the west side of Monroe Road (County Highway GV). Phase II of major infrastructure work commenced in 2022 and finished in 2023. This included the extension of Town Hall Road from Lime Kiln Road (County Highway V) to Monroe Road (County Highway GV) and approximately 350' west of Monroe as well as intersection improvements. In addition, Costco Way was extended north to the new Town Hall Road as well as south adjacent to the regional stormwater pond north of State Highway 172. Lastly, utilities including water, sanitary and storm were installed as well as the creation of three new regional storm water ponds serving the area.

Supporting Materials:

Upcoming Improvements:

  • Continued street enhancements are planned as well as finishing the Schlag Crossing pocket park on Costco Way.

Available Properties:

Upcoming Events

No events available.