developmentHigh priorityopen

Proposed Economic Incentives for Lakepointe Townhomes and Lilacia Park

Lombard

Summary

The Economic and Community Development Committee reviewed TIF incentives for D.R. Horton's Lakepointe Townhome project and a funding request for the Lombard Park District's Lilacia Park expansion.

At a glance

Total mentions: 1
Last 30 days: 0

Last discussed Jul 16, 2026.

Impact analysis

💰Financial impact

Utilizes Tax Increment Financing (TIF) and municipal economic incentives to offset redevelopment and park expansion costs.

✅Who benefits

Local homebuyers, downtown visitors, and the broader community benefiting from park expansions and site redevelopment.

Mentions & discussions (1)

MeetingJul 16, 2026

Village Board of Trustees — July 16, 2026

The Economic and Community Development Committee reviewed TIF incentives for D.R. Horton's Lakepointe Townhome project and a funding request for the Lombard Park District's Lilacia Park expansion.

Related development

under-review

Lakepointe Townhome Redevelopment

Will bring new housing units and public open space to the former seminary site.

under-review

Lilacia Park Expansion

Enhances community recreational space and park facilities in the village.

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