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VILLAGE OF GLENVIEW, IL
Review of Fiscal Impact Studies
The firm provided
quick turnaround reviews of developer-provided fiscal impact studies
for potential projects in the Village of Glenview, Ill., at The Glen
(former naval air station),
North
Shore
Corporate
Park
, and other locations throughout the Village. We
critiqued key revenue and expense assumptions including estimates of
property taxes and school children generation, costing methodologies
used, and other key assumptions. The reviews resulted in revisions to
some of the studies to specifically address property tax estimates
that did not accurately reflect assessment practices, and therefore
avoid overestimating revenue to various jurisdictions. Reviews were
conducted for single-family, multi-family, senior housing, continuing
care facilities, assisted living projects, retail, office, bank, and
industrial uses.
Results: The findings helped
the Village negotiate rezoning and annexation agreements.
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