Top Glencoe, IL Tax Increment Financing Lawyers Near You
71 South Wacker Drive, 47th Floor, Chicago, IL 60606
227 W Monroe St, Suite 3950, Chicago, IL 60606
70 West Madison Street, Suite 5200, Chicago, IL 60602
111 W. Jackson, Suite 1700, Chicago, IL 60604
Tax Increment Financing Lawyers | Serving Glencoe, IL
161 N Clark, Suite 4500, Chicago, IL 60601
321 N. Clark Street, Suite 1600, Chicago, IL 60654
1 North State Street, 15th Floor, Chicago, IL 60602
321 N Clark St, Suite 500, Chicago, IL 60654
110 N Wacker Drive, Suite 3800, Chicago, IL 60606
120 South Riverside Plaza, Suite 2200, Chicago, IL 60606
1 North Wacker Dr, Suite 3700, Chicago, IL 60606-1901
111 East Wacker Drive, Suite 2600, Chicago, IL 60601
155 North Wacker Drive, Suite 3800, Chicago, IL 60606
320 S Canal St, Suite 3300, Chicago, IL 60606
200 S Wacker Dr, Suite 600, Chicago, IL 60606
55 West Monroe Street, Suite 1200, Chicago, IL 60603
123 N Wacker Dr, 21st Floor, Chicago, IL 60606
9501 Technology Blvd, Suite 4400, Rosemont, IL 60018
110 North Wacker, Suite 2500, Chicago, IL 60606
2201 S Stewart Ave, Unit 4G, Lombard, IL 60148
321 North Clark Street, Suite 3000, Chicago, IL 60654
175 Hawthorn Parkway, Suite 145, Vernon Hills, IL 60061
233 South Wacker Drive, Suite 9400, Chicago, IL 60606
10 South LaSalle Street, Suite 1600, Chicago, IL 60603
320 S Canal St, 27th Floor, Chicago, IL 60606
Glencoe Tax Increment Financing Information
Lead Counsel Verified Attorneys in Glencoe
Lead Counsel independently verifies Tax Increment Financing attorneys in Glencoe and checks their standing with Illinois bar associations.
Our Verification Process and Criteria
Ample Experience
Attorneys must meet stringent qualifications and prove they practice in the area of law they’re verified in.
Good Standing
Be in good standing with their bar associations and maintain a clean disciplinary record.
Annual Review
Submit to an annual review to retain their Lead Counsel Verified status.
Client Commitment
Pledge to follow the highest quality client service and ethical standards.
What Is Tax Increment Financing?
Tax increment financing (TIF) is a special tax treatment cities and states give certain areas of land to incentivize redevelopment. Examples of projects that tax advantage of tax increment financing include:
- Redeveloping vacant buildings and unused structures
- Developing a sports complex
- Cleaning up polluted land and properties
- Improving downtown business districts
- Financing infrastructure improvements
What Are Some Examples of Situations Where I Might Need a Tax Increment Financing Lawyer?
If you are trying to develop unused or blighted areas of Glencoe, tax increment financing can generate investment in the development projects. This is a way to motivate investors to help fund a project that will pay for itself with increased tax revenue from a growth in property value. You should consider hiring a lawyer who specializes in TIF compliance at the beginning of your project.
How Can a Tax Increment Financing Lawyer Help Me?
Tax increment financing is a way for cities to develop projects that will cover the initial investments from their own increased property value. Taxpayers may not want to support outright spending projects. Taxpayers may be more willing to support TIF projects because they pay for themselves over time. A tax increment financing lawyer can help with:
- Legal counsel and guidance
- Identifying the right financing projects
- Drafting the tax increment financing agreements
- Tax structuring to recuperate project investments
What Could Happen if I Don’t Hire a Tax Increment Financing Lawyer?
Tax increment financing projects are complex. These projects require extensive investigations into the property, zoning, stakeholders, property owners, land use restrictions, and environmental issues. Without hiring a TIF lawyer, your project could face many complications, including:
- Toxic tort litigation
- Community opposition
- Zoning restrictions
- Lack of financing
What Are the Top Questions When Choosing a Tax Increment Financing Lawyer in Glencoe?
When you look for a TIF lawyer, ask questions to make sure they are the right person for the job. Many lawyers offer consultations so you can understand your options and get specific legal advice. The top questions to ask include:
- What experience do you have in handling tax increment financing projects in Illinois??
- What is your approach to starting a TIF project?
- What potential legal strategies may be applicable to my case?
- What are the potential consequences and penalties if there are problems with the project?
- How will you communicate with me through this legal process?
Tips for Hiring a Tax Increment Financing Lawyer
When you are looking for the right lawyer, find someone who will protect your interests, represent your needs, understand your case, know your goals, and have the necessary experience. Some tips for finding the right lawyer include:
- Ask for recommendations
- Research lawyers online
- Schedule consultations
- Review experience and expertise
- Talk about fees and billing
- Trust your instincts