The Geneva Fox River Tax Increment Financing District (TIF No. 3) consists of 84 tax parcels and 49 buildings located east and west of the Fox River. TIF No. 3 primarily includes commercial and multi-family residential properties and public open space along the river. 

The redevelopment project area includes opportunity sites that are included in the Downtown Station Area Master Plan. This TIF district intends to provide the mechanisms necessary to support public and private development, strengthen the Fox River area as a neighborhood-level commercial and residential district, and improve connection to the downtown and Fox River. Projects completed to date include Dunkin and Coldwell Banker.