Village of Flossmoor AgendaPacket Regular Meeting of the Board of Trustees 2026-06-01
OBE Studios TIF Project Inducement Resolution Approved
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Description
The Village of Flossmoor approved inducement allowing costs incurred by OBE Studios, LLC for architectural and engineering work on a new entertainment campus to be potentially reimbursed if a TIF district and redevelopment agreement are approved. Project investment is approximately $10 million.
Contract Details
Contract Amount
Approximately $10,000,000 investment (project scope)
Vendor
OBE STUDIOS LLC
Agency
Flossmoor village, IL
Contract Type
OTHER
Document Date
June 1, 2026
Renewal Info
Eligible costs cover work prior to final TIF and redevelopment agreement; fully contingent on TIF district creation and further approvals.
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Village of Flossmoor AgendaPacket Regular Meeting of the Board of Trustees 2026-06-01
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