Tax Increment Financing utilizes incremental property taxes attributable to new growth as a way to incent private
investment, and to finance needed public improvements. Accordingly, the City of Kankakee is in the process of
creating new Tax Increment Financing Districts.
Kankakee Riverfront TIF
The Kankakee Riverfront TIF is intended to assist in the implementation of the recently adopted Kankakee Riverfront Plan, to incent private investment on key properties, and provide resources for repair and renovation of existing business and homes.
Riverstone Parkway TIF
Riverstone Parkway TIF is located at the Southern entrance to the city at Exit 308 on I-57 and IL-52. This district sees 20k+ VPD and is host to several major anchor commercial businesses: Walmart, Hilton Garden Inn, Tractor Supply Co, Taco Bell, Dunkin', and Love's Travel Stop. Quiktrip coming in 2026.
The Shoppes at Meadowview TIF
The Shoppes at Meadowview TIF is intended to incent private investment in new and the renovation/rehabilitation of existing commercial and office buildings near the corner of Kennedy Drive (Routes 45/52) and Brookmont Blvd. Over 34,000 vehicles a day utilize this intersection.
East Court TIF
The East Court TIF is located at the Eastern entrance into the city, located at Exit 312 on I-57 and IL-17. VPD: 25k+
Downtown TIF
The Downtown TIF is located in the heart of Kankakee on IL-17 and IL 45-52.