Woodstock Officials Ok 2nd Tentative Tif Fund Agreement For Housing Development

Woodstock’s Downtown TIF No. 2 doesn’t even exist, but it has piqued the interest of at least two local developers. On Tuesday, the City Council approved a tentative agreement to give tax increment financing funds to a developer who wants to build housing on the vacant site formerly housing Die Cast near the Woodstock Station subdivision. Woodstock officials have been in the process of creating a new TIF district that would encompass about 500 acres of property in the downtown and Route 47 area.