WELCOME TO OUR WEBSITE

We invite you will take advantage of what we have to offer and to explore Downtown Mt. Vernon.

Downtown Mt. Vernon is the historical heart of the community located in Southern Illinois at the crossroads of I-64 and I-57. It is a viable, mixed-use community with restaurants, stores, bars, historical sites, professional offices and more. The Downtown Mt. Vernon Development Corporation (DMDC) is the steward of the downtown district.

We hope you will visit our Downtown District and see why we are so proud of our community.

 

Up Coming Events

New Boundaries

Market Days at Broadway Market 

Friday's Food & Art at Broadway Market Vendor Application

Partnership Information and Application

LOIS Property Search in Jefferson County Mt. Vernon

Coupons for Friday's Food & Art

Cruise - in Fall Fest 

Car Show Application 2015

Properties

In keeping with our vision to revitalize and maintain downtown as an attractive and viably active hub of the community, DMDC retains a current list of downtown properties for sale or lease. We invite you to locate your business in the traditional commercial center of Mt. Vernon by contacting the corresponding person or representative on the available property list. You may also contact the DMDC office at 242-6866 for more information about our downtown district.

Master Plan

Our District is experiencing the beginning of a renaissance – new building investments, community events, a strong participatory management association, a drive to restore the historic Granada Theater, and a growing public recognition of the District’s importance to its community. Read More

Check us out on Facebook!

Now 'Like' Downtown Mt. Vernon Development Corporation on Facebook! Click here to go to our page.

Below is a link to the SSA #1 map and the TIF Boundary map.

 

TIF
 

 

Downtown Renaissance - Before & After photos of Mt. Vernon Buildings since 2002 - Video

 

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Here is some information to help you better understand TIF!

What is TIF?
Tax Increment Financing is simple in concept. TIF calls for local taxing bodies to make a joint investment in the development or redevelopment of an area, with the intent that any short term gains be reinvested and leveraged so that all the taxing bodies will receive larger financial gains in the future. The funds for this investment do not come from current revenues, but from future tax revenues, not otherwise expected to occur. These new revenues are generated by increased public and private investment in identified, underperforming, areas.

How does TIF work?
A tax increment is the difference between the amount of property tax revenue generated before TIF district designation and the amount of property tax revenue generated after designation. Establishment of a TIF does not reduce property tax revenues available to overlapping taxing bodies as the property taxes collected on properties included in the TIF at the time of designation continue to be distributed to them in the same manner as they would if the TIF did not exist. Only the new property taxes generated by the incremental increase in the value of these properties after the TIF is established are available for investment in the TIF.

What can the money be spent on?

  • The administration of a TIF redevelopment project.
  • Property acquisition.
  • Rehabilitation or renovation of existing public or private buildings.
  • Construction of public works or improvements.
  • Job Training.
  • Relocation.
  • Financing costs, including interest assistance.
  • Studies, surveys and plans.
  • Marketing sites within the TIF.
  • Professional services, such as architectural, engineering, legal, and financial planning.
  • Demolition and site preparation.

TIF Project Examples:

  • The redevelopment of substandard, obsolete, or vacant buildings.
  • Financing general public infrastructure improvements, including streets, sewer, water, and the like, in declining areas.
  • The development of residential housing in areas of need.
  • Cleaning up polluted areas.
  • Improving the viability of downtown business districts.
  • Providing infrastructure needed to develop a site for new industrial or commercial use.
  • Rehabilitating historic properties.

Below is a boundary map for TIF.

/sites/default/files/Boundary%20Map%20Downtown%20TIF%202011_2.pdf

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A couple of significant anniversaries brought a group of Mt. Vernon community leaders together for a common cause and resulted in... Read More

Calendar of Events