The village has agreed to acquire 53.4 acres of land, known as the Eder farm parcel, located between West Brown Deer Road and West Green Brook Road. This acquisition will enable the village to plan and direct the future use of this property in the best interest of the community and its residents.
The village of River Hills has developed a Project Plan that would fund the acquisition of the property, plan its use, and complete public improvements to the site for future private investment. The project would be funded through the creation of a Tax Increment District.
Additional information about this project and Tax Incremental Financing is available below.