City Proposes TIF Redevelopment Deal For Market Place Commons

The City is considering Ordinance 43-26 to approve a Redevelopment Agreement with Criterion Market Place Commons, LLC for upgrades to the Market Place Commons shopping center at 301-341 Market Place. Under the pact, the developer will invest at least $400,000 and create new jobs in return for up to $75,000 in TIF reimbursement over a term running through about 2037.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $75,000.00 in TIF reimbursement

Contract type

FINANCIAL_SERVICES

Contract term

Project completion by December 31, 2026; reimbursement eligibility through December 31, 2037

Renewal date

2037-12-31

Renewal

Agreement allows reimbursement of eligible redevelopment project costs up to $75,000 through December 31, 2037; developer must not seek assessed valuation reductions during the 12-year period without City consent. No automatic renewals are specified.

Document type

AgendaPacket

Source document

City of Fairview Heights AgendaPacket 2026-08-04

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Fairview Heights Community Committee Agenda 2026-07-22

PENDING

City of Fairview Heights city, IllinoisBusiness Assistance request of $75,000 toward a $472,621 projectJul 22, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Fairview Heights city?

Criterion Market Place Commons Llc was awarded this financial services contract by City of Fairview Heights city, as recorded on August 4, 2026. The contract value is Not to exceed $75,000.00 in TIF reimbursement.

How much is the Criterion Market Place Commons Llc contract with City of Fairview Heights city worth?

The Criterion Market Place Commons Llc contract with City of Fairview Heights city is valued at Not to exceed $75,000.00 in TIF reimbursement, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Fairview Heights AgendaPacket 2026-08-04 (AgendaPacket), dated August 4, 2026 from City of Fairview Heights city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Criterion Market Place Commons Llc hold?

Criterion Market Place Commons Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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