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Tax Incremental District (TID) No. 4 - Blue Door District

The Village’s Blue Door District, created under TID #4, highlights Drexel’s state-of-the-art door manufacturing operations as a cornerstone of industrial revitalization and economic growth. This development project focuses on expanding Drexel’s manufacturing capabilities, fostering innovation, and creating quality jobs for the community.

As a key player in the region’s economy, Drexel’s growth within the Blue Door District reflects the Village’s commitment to supporting industry, enhancing job opportunities, and driving long-term prosperity. By investing in cutting-edge manufacturing and workforce development, TID #4 is shaping a brighter future for the Village and its residents.

Learn more about how Drexel and the Blue Door District are opening new doors to opportunity!   

Drexel Building Supply Careers

Village Risks

  • The success of TID #4 depends on generating $25.1 million in incremental property value, which is required to fund planned public improvements and developer incentives.
  • Developer incentives are structured as Pay-As-You-Go (PAYGO), ensuring payments are only made if sufficient tax increment revenue is generated.
  • Risks are minimized by tying expenditures to actual revenue, reducing the likelihood of financial shortfalls.

Performance Bond Requirement

  • Development agreements include requirements to guarantee that a minimum level of incremental value is achieved, ensuring that the Village can finance the planned improvements​.

Increment Value Increase

  • The TID anticipates a total incremental value increase of $25.1 million, driven primarily by the development of Lot 1 by Drexel Building Supply for a manufacturing facility​​.

Key Public Improvements

  • Planned improvements are designed to support the Drexel development and ensure adequate infrastructure for future growth within the district, with funding tied to TID revenue performance to minimize financial risks for the Village.
    • Sanitary Sewer Improvements: $610,600.
    • Stormwater Management: $885,400.
    • Water System Enhancements: $606,650.
    • Public Streets: $486,750 for new road construction​​.

Economic Impact

  • The District is expected to contribute to job creation, increased business activity, and long-term economic growth within the Village.
  • Total tax increment revenue is projected to reach $6.7 million over the TID’s 20-year lifespan.

Expected TID Closure

  • TID 4 is expected to close in 2044, its 20th year, with all obligations paid off by that time​.

Environmental Considerations

  • The project includes stormwater management improvements to mitigate runoff and protect natural resources​
TID #4 Project Plan