The vast majority of taxing bodies potentially affected by a proposed $21 million tax refund for a development in western Hoffman Estates dislike the idea so much they rejected it twice Tuesday. Members of the joint review board for the tax increment financing district requested by the developer for a 184-acre site at routes 59 and 72 first voted 7-1 against approving the eligibility for such an incentive, then voted 7-1 to actively reject its eligibility.
But even with two such votes against it, the proposal legally receives a 30-day period for the developer to adapt the request before the joint review board meets again at 1:30 p.m. April 18 at Hoffman Estates village hall. And if the ultimate vote is still against the TIF district, the Hoffman Estates village board can still approve it with a supermajority.
The full text of the Daily Herald can be read here.
Leave a Reply