Subsidy Tracker Individual Entry

Company: 
KROGER LIMITED PARTNERSHIP I
Parent Company: 
Kroger
Subsidy Source: 
local
Location: 
Illinois
City: 
BLOOMINGTON
County: 
MC LEAN
Address: 
CORNER OF COLLEGE AVE. & HERSHEY RD
Zip: 
61704
Project Description: 

New agreement approved on 12/19/16 supersedes all prior agreements including the 2/22/16 agreement. Developer shall acquire property in the City and construct a new grocery store and fuel center on the property by 12/31/18 at a total investment of no less than $24.5 million. City shall rebate to the Developer sales tax from the retail operations on the property up to 10% of the total project costs of $2.45 million, whichever less, over a period of up to 10 years. The sales tax rebate shall be .3333% of the 1% municipal retailer's occupation tax and municipal service occupation tax.

Year: 
2018
Major Industry of Parent: 
retailing
Specific Industry of Parent: 
retail-supermarkets
Subsidy Value: 
undisclosed
Program Name: 
Local Sales Tax Rebate
Awarding Agency: 
Department of Revenue
Type of Subsidy: 
tax credit/rebate
Notes: 

Year is year agreement began. Project description is verbatim text (including indeterminate amounts) from the Department of Revenue's online compilation of excerpts from local agreements. Subsidy amount is not readily available.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.