ELWOOD, IL – The Village of Elwood filed a lawsuit last week in Cook County Circuit Court seeking to force CenterPoint Properties to detail how it spent the $150 million in Tax Increment Financing money it received to redevelop a 1,820-acre site.
Elwood, IL, Sues CenterPoint Over $150 Million TIF Accounting
ELWOOD, IL - The village sues CenterPoint over a $150 million TIF investment, seeking financial transparency and accountability on a local taxpayer-subsidized project. CenterPoint denies any wrongdoing and says the village's suit is "baseless and counterproductive.
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