Wash developers land $175,000 in incentives - Professional Carwashing & Detailing
Connect with us
Close Sidebar Panel Open Sidebar Panel

Carwash News

Wash developers land $175,000 in incentives

SOUTH HOLLAND, IL — Demolition, landscaping and carwash construction are all eligible expenditures under the financing.

Advertisement

SOUTH HOLLAND, IL — The village board here voted 5-0 to provide a $175,000 tax incentive to bring a carwash and possibly a restaurant and retailer to the area, nwi.com reported.

Click Here to Read More
Advertisement

The Nov. 6 story stated that the owners will apply for $175,000 in tax increment financing (TIF) eligible funds. Money needed for demolition of the old buildings, landscaping and carwash construction are all TIF eligible expenditures.

Groups lobby for carwash tax exemption

In a TIF district, taxes generated from the development are used to make further improvements in the district. The carwash’s developer noted that the TIF agreement would expedite building the wash and also attract other developers to the property.

The carwash will take up about an acre of the 3.3-acre property that used to be a car dealership. A restaurant and a retail outlet are potential suitors for the other two acres.

Advertisement

Read the entire article here.

Advertisement
Click to comment
Connect
Professional Carwashing & Detailing