Brookfield officials are gearing up to approve an agreement subsidizing some of the costs to develop the vacant triangle property on Fairview Avenue.
Trustees are set to vote on a $300,000 redevelopment agreement between the village and Connemara Holdings, LLC, which plans to build a mixed-use luxury apartment complex with 27 apartments and three commercial spaces on the first floor at the triangle property, 8921-47 Fairview Ave. The village approved a final plan for the development in May, about a year after approving a preliminary plan.
If the village board votes to approve the agreement on Monday, Oct. 26, Brookfield will convey $300,000 from its Grand Boulevard tax-increment financing (TIF) district to the developers at three project milestones, Community Development Director Libby Popovic said…