Areas for retail, housing proposed for NorthbrookCourt NorthbrookGOV
Over the next decade, or however long it takes, Northbrook residents could see a very different Northbrook Court.
Northbrook Court remains Northbrook's top sales tax generator. In her 2023 State of the Village address, Village President Kathryn Ciesla said it contributed $3.1 million in sales taxes in 2022. Freeman suggested a variety of housing types, outdoor gathering spots and green spaces and"a framework of interconnected streets and blocks."
Qualifying as a tax increment financing district on"blighted area factors," according to village documents, it was estimated that at the end of the TIF's 23-year run the property's equalized assessed value would increase to between $70 million and $75 million from $9.5 million in 2017. "In our long-term vision over multiple phases, we believe the neighborhood could house up to 2,000 homes, which could consist of a variety of housing types and sizes including apartments, a 55-plus community, condos, rentals and townhouses, all potentially implemented over a 10-year period or more," Freeman said.
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