Tax Increment Finance District Plan

The Village of Hanna City is a Central Illinois Municipality located in Peoria County along Illinois Route 116. Hanna City is just 10 miles west of Peoria, IL and 10 miles east of Farmington, IL. Hanna City is also 140 miles southwest of Chicago, IL, 90 miles northwest of Champaign-Urbana, IL and 60 miles southeast of the Quad Cities in Illinois and Iowa.

The Village has undertaken an effort to design a TIF Redevelopment Plan and Projects for the proposed Hanna City Tax Increment Financing (TIF) District Redevelopment Project Area, that includes sites for which TIF may be used to encourage the redevelopment of underutilized and/or distressed commercial, industrial and residential properties. The Plan is specifically intended to stimulate new private investment for commercial, commercial-retail, light industrial and residential development activities that will further enhance the local economy. These activities are expected to result in an increasingly robust commercial sector, while encouraging business owners, professionals and families alike to choose Hanna City as a premier place to live, work and shop within the Greater Peoria Metropolitan Area.

Hanna City Proposed TIF Boundary Map

If you are interested in applying for TIF Benefits, Please complete the form below and drop it off at the Village Hall C/O City Administrator TIF Application

TIF Developer Application