Dynamic Business Districts
Fox Lake has two Business Development Districts that assist with incentivizing new businesses and existing business who are looking to expand.
Central Business District
The proposed Central Business District consists of a total of 383 Parcel Index Numbers (PINs). Every PIN has a corresponding tax parcel, with the exception of two PINs that are leaseholds upon the same railroad right-of-way parcel. Thus, there are only 381 tax parcels. In addition, 49 tax parcels are railroad or rightsof-way and were excluded from the eligibility analysis. Therefore, eligibility was assessed for a total of 332 tax parcels in the Study Area. The Study Area contains approximately 275 commercial, residential, industrial and institutional buildings and approximately 285 acres of land, of which approximately 201 acres are improved and 84 acres are rights-of-way.
South Business District
The proposed South Business District consists of a total of 57 tax parcels and Parcel Index Numbers (PINs). There are 24 tax parcels which are public rights-of-way and were therefore excluded from the eligibility analysis. Eligibility was assessed for the remaining 33 tax parcels in the Study Area, which contain approximately 31 commercial buildings. The Study Area includes approximately 153 acres of land, of which approximately 107 acres are improved and 46 acres are rights-of-way.
