Castel Properties, Ltd. v. City of Marion
Appellate Court of Illinois
1Opinion of the CourtJustice Goldenhersh
Defendant-counterplaintiff, City of Marion (hereinafter city), appeals from an action brought by plaintiffs-counterdefendants, Castel Properties, Limited, J.D. Castellano, Ron Emery, and Castel Loan Corporation (hereinafter plaintiffs), seeking declaratory and injunctive relief with respect to two tax-increment-financing (TIF) redevelopment plans adopted by the city. The Tax Increment Allocation Redevelopment Act (Act) (Ill. Rev. Stat. 1989, ch. 24, par. 11 — 74.4—1 et seq. (now 65 ILCS 5/11 — 74.4—1 et seq. (West 1992))) is a unique statute providing options for municipalities that wish to…
2Cases cited2 opinions
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