HUNTLEY – The Village Board meets tonight to decide on a special taxing district that officials hope will revitalize and further develop Huntley’s downtown.

Village officials for nearly a year have been planning, mapping and studying the creation of a second tax increment financing district covering downtown from Main Street to Algonquin Road.

Known as a TIF, the district could generate $40 million in property-tax revenue over 23 years for building renovations, development and landscaping in the downtown that has been Huntley’s center since 1851.