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MegadealsSubsidy Tracker Individual Entry
Company: CAMP STREET CROSSING LLC
Parent Company:
Subsidy Source: local
Location: Illinois
City: East Peoria
County: Tazewell
Address: 801-815, 821-833 WEST CAMP STREET, EAST PEORIA, 61611
Project Description: The City provides the developer (Camp Street Crossing LLC) with 75% of the Incremental Sales Tax Revenue received by the City from the Camp Street Crossing development plus the Incremental Real Estate Tax Revenue generated by the properties comprising the Camp Street Crossing development up to a combined maximum of $100,000 per year from each revenue source over a 15-year period for a maximum total of $1,500,000 for the entire agreement; the Incremental Sales Tax Revenues are defined as the regular 1% sales tax generated by the Camp Street Crossing development and received by the City; the Incremental Sales Tax Revenues do not include the City s 1.25% Non-Home Rule Sales Tax revenues.
Year: 2004
Subsidy Value: $1,500,000
Program Name: Local Sales Tax Rebate
Awarding Agency: Department of Revenue
Type of Subsidy: tax credit/rebate
Source of Data:
(click here)
Notes: Year is year agreement began. Subsidy value is maximum rebate. Project description is verbatim text (including indeterminate amounts) from the Department of Revenue's online compilation of excerpts from local agreements.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.