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MegadealsSubsidy Tracker Individual Entry
Company: INLAND AMERICAN RETAIL MNGMNT
Parent Company:
Subsidy Source: local
Location: Illinois
City: Homewood
County: Cook
Address: 17730-183000 S. HALSTED, HOMEWOOD, 60430
Project Description: UPDATE TO PREVIOUSLY POSTED AGREEMENT. WHILE TERMS DID NOT CHANGE, STATE REQUESTED CLARIFICATION AND ADDRESS UPDATE AS WELL AS AN ATTACHMENT OF THE AGREEMENT. THAT AGREEMENT IS ATTACHED. TERMS EXPLANATION IN SUMMARY: IN ORDER TO REDEVELOP A VACANT PARCEL IN HOMEWOOD, VILLAGE ENTERED INTO AN AGREEMENT WITH DEVELOPER TO ATTRACT NATIONAL RETAILERS. THE AGREEMENT IS A 50/50 SPLIT OF SALES TAX REVENUES EACH YEAR UNTIL $3.5 MIL IS REACHED OR 15 YEARS. WHICHEVER IS FIRST.
Year: 2006
Subsidy Value: $3,500,000
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.