Rantoul board OKs TIF district

RANTOUL – Rantoul may have a new tax increment financing district, but a school official warned there could be political repercussions against the village board members who voted to create it.

The Rantoul Village Board voted 5-0 at a special meeting Thursday to approve the creation of the district, which will include most of the downtown area as well as land proposed for new residential and commercial subdivisions by developer Joe Warner.

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