The remaining financing for The Glen Town Center is coming from a $56 million loan from Fremont Investment and Loan, OliverMcMillan's own equity and Kimball Hill. As the largest TIF award in Illinois history, the Glen Town Center TIF will fund the development of the vacant land and be used to build infrastructure for The Glen Town Center.

Hangar One, the former hangar on the grounds of the air station, is benefiting from the TIF. The preservation and adaptive re-use of the hangar, including architectural designs that preserve the look and feel of the hangar, are being paid for by the TIF. Retail tenants taking space inside the former hangar are creating store designs that evoke the history of the hangar, and include the Iowa-based department store Von Maur, Borders Books and Music and sporting goods purveyor Galyan's.

"Von Maur is taking full advantage of the TIF award and honoring the site by creating a store theme that pays homage to the history of naval aviation in Glenview," said James von Maur, president of Von Maur. "The TIF allows us to spend extra time and make certain the store aligns architecturally with the original design of Hangar One."