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Attorneys at Neal & Leroy, LLC represent municipalities
and private parties in all aspects of tax increment financing.
We successfully defended the City of Chicago’s North Loop TIF
District in City of Chicago v. Boulevard Bank National Association,
293 Ill.App.3d 767 (1997). In addition to our numerous cases
defending TIF financing in court, we have also represented
both municipalities and private owners in the negotiation and
closing of tax increment financing development agreements.
Such development agreements have included a big box retail
project at North and Cicero in Chicago, the Medinah Temple
project, and mixed-use developments and retail developments
in the Village of Oak Park and elsewhere. One of our most recent
and largest TIF projects was the more than $50 million TIF
contribution to the University of Illinois South Campus Project.
In addition, the attorneys of Neal & Leroy, LLC
provide legal advice and representation in other kinds of community
development projects. We have been involved in such properties
as the North Loop Development, the South Loop Development,
the Clybourn/Ogden Development, the Roosevelt/Homan Development.
We have also served in such community development roles outside
the City of Chicago, including Oak Park’s downtown development
and its Ontario/Harlem development.
In these community development projects, we provide advice
about financing opportunities and zoning restrictions, and
obtain land use permits as needed. We negotiate development
agreements with developers, and coordinate the efforts of diverse
municipal departments such as streets, zoning and building.
We also serve to organize and facilitate input meetings and
agreements between local elected officials and community organizations.
In assembling the various projects for community development,
we advise clients on the assemblage of property and determining
the appropriate value for such properties.
OTHER PRACTICE AREAS:
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