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MegadealsSubsidy Tracker Individual Entry
Company: FOREST HARLEM PROPERTIES LIMITED
Parent Company:
Subsidy Source: local
Location: Illinois
City: Norridge
County: Cook
Address: 4104 N. HARLEM AVE., NORRIDGE, 60706
Project Description: For the Sports Authority store, a Panera Bread restaurant, a Chipotle restaurant, and X-Sport Fitness Center and additional retail facilities which have not operated within the Village in the last five years and which are identified as being within the area comprising of the "New Property" as defined by the agreement as well as the Red Robin Property, the Village of Norridge will rebate, to the developer, 1% of sales of those tenants up to a maximum aggregate annual rebate, as follows: For sales in Calendar Years 2015 & 2016, rebate max of $200,000.00 per calendar year; for sales in Calendar Years 2017 & 2018, rebate max of $250,000.00 per calendar year; For sales in 2019 & 2020, rebate max of $300,000.00 per calendar year.
Year: 2015
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.