Development Advisory Services
We assisted the City periodically since 2006, providing market and financial feasibility analysis, TIF consulting and land disposition support.
City of Warrenville
Public-Private Development Advisory, Special Taxing Districts
Warrenville, IL
Over nearly two decades, we have supported the City with a range of development advisory services, from area planning and TIF district designation to evaluating developer requests for financial assistance and structuring redevelopment agreements. This has helped attract private investment and bring key sites back into productive use.
Work Completed
Prepared a detailed revitalization plan for the Old Town and Civic Center areas, including market and prototypical financial feasibility analyses and development concepts
Assisted with all aspects of TIF district designation for the Old Town Civic Center TIF District; also helped evaluate developer requests for City financial assistance and structure agreements to support redevelopment
Assisted the City in evaluating proposed land prices from developers and financial analyses for the Civic Center Redevelopment Site, resulting in a 27-unit residential project
Helped evaluate a developer request for City TIF assistance for the Lexington Trace Subdivision, supporting the negotiation of deal terms that resulted in the development of a 106-unit project that includes a mix of rowhomes and townhomes
Prepared incremental property tax projections and conducted preliminary pro forma review and returns analysis for an additional proposed residential project
Results
SB Friedman's long-term advisory relationship with the City has supported the completion of multiple development projects and the establishment of a new TIF district, with ongoing work continuing to advance the City's development goals.
