The Aurora City Council Tuesday night approved establishing the tax increment financing district for the Hollywood Casino-Aurora resort project.
Aldermen voted 11-1 for three resolutions establishing what is known as the Farnsworth-Bilter TIF District, covering an area roughly surrounded by Corporate Boulevard on the south, Farnsworth Avenue on the east, Bilter Road on the north, and Church Road on the west. It would not include the Gonella Bread factory.
The district is on land owned by Penn Entertainment, the casino’s parent company, which plans to build a $360 million casino resort on it. The casino will move its current operation out of downtown Aurora, where it has been since 1993, and into the new resort, likely by the end of 2025.
