Village Moves to Boost Deerbrook

Advisor approved for potential sales tax relief deal.

The redevelopment of got a boost from the Village Board at its regularly scheduled meeting Monday when a financial consultant was approved to guide Deerfield through a possible sales tax rebate program.

stressed everything is contingent on receiving a satisfactory letter of intent from Deerbrook representatives which would eventually become a binding agreement between Deerfield and the shopping center.

The potential sales tax relief from the Village is part of an overall renovation plan being developed by people involved with Deerbrook. The cost of the consultant hired by Deerfield will be paid by entities tied to the shopping center.

In other action Monday, the Village Board voted 6-0 to charge a fee of 0.5 percent of the cost of construction or demolition of all projects undertaken in the Village. The money will be used for future infrastructure fees.

The Village also heard a proposal from a new business hoping to open in the vicinity of Lake Cook and Waukegan Roads next month known as Cre8 Workshop.

For more on these stories and other Village Board news check back with Patch Wednesday, Thursday and Friday for more detailed articles on each subject.

RonnieTheLimoDriver May 08, 2012 at 12:44 PM
The problem with all these businesses leaving deerbrook mall is the reduction in sales tax revenue for the village. The solution is to offer sales tax rebates??? Huh? I would need to learn more but my first reaction is this is not the solution for the community. Deerfield actually has lower sales taxes than many surrounding communities so I dont think sales taxes are the problem. In another hair brained scheme, we have decided to create a speed bump on the road to real estate recovery in the village. The time to implement a .5 percent fee for construction was about 10 yrs ago when everybody would have happily paid it. Now people are already struggling, not much construction is ,occurring and yet we implement fees to discourage the small bit happening. Two possible outcomes, both bad. The obvious one is the reduction of spending on construction and rehab in the village, which is bad for everyone. Construction work brings jobs, and also brings business into the community. People considering purchasing rundown homes will now have to add another .5 percent to the pricetag for any rehab, and that might be enough to encourage them to buy somewhere else. The second, and more dangerous potential outcome is even less people will seek building permits. Since folks know they will be charge .5, they will just do the project without permits. This means no inspection by the village and dangerous conditions could occur. Bad policies.
RB May 08, 2012 at 02:03 PM
Right! How's that $650K spent on the underpass looking now? Just how much Village money really was spent on the work after paying Metra fees? Too bad they were not collecting the 1/2 percent when all the trucks were destroying our roads a few years ago. Now? That makes no sense. We need to encourage work, not the opposite. The vote was 6 to 0, so this Village must really be worried about expenses and are reacting a little late. Roll the Park District into the Village, start cutting some real costs and stop sticking homeowners with higher fees and taxes.
Phil Abuster May 08, 2012 at 03:45 PM
I could not agree more with the previous statements. This behind-the-times board always works to make things backward instead of making them grow. They think they have the best of the construction builders looking to build McMansions but that isn't the case here, instread more and more FAMILIES who are trying to save for a remodel or expansion will either not do it and move away or do it without proper permits. Way to go trustees - your dream of turning back the clock and making this into some type of Mayberry is working out just fine.
RB May 08, 2012 at 06:31 PM
Sewer rate increase, water rate increase, tax rate increase, this 1/2 % fee, jeez it's beginning to get kinda crazy! Are the homeowners having to start paying for the poor planning, and inappropriate spending (pedestrian underpass, Woodland Park expansion come to mind). Just saying.... Keep Deerfield Affordable. Oh, just in case you are thinking Woodland Park is the Park District? I don't give a rip! It's all homeowner expense and I can't keep track of all these taxing districts anyway. Did you notice the Park District Pension expense percentage on your recent tax bill? It's much higher than other agencies. I'll bet their hoping that beehive doesnt get disturbed.
Bringin' Down Briarwood May 08, 2012 at 10:13 PM
You have a consultant for the financing? Ugh, so the town really doesn't know what it's doing, does it? If you have a consultant for only the financial aspect, what is it going to need for the combination of financing, retail and real estate management to put together this puzzle successfully? To the village ... please, please, please do a simple Google search of St. Charles and the Charlestowne Mall and read the studies they are putting into their revitalization. Filling the walls will not do the trick. Their $24K study will "analyze current spending patterns and retail sales performance, compare Charlestowne with other similar malls, and recommend changes and solutions." The retail management is not concerned about Deerfield. It's concerned about its bottom line. Please get in there and get us a voice at the table so this can be successful DECADES into the future.
David Greenberg May 09, 2012 at 05:47 AM
I never could figure out the whole "Sales Tax Rebate" thing. Or the "Let the Public build a Stadium for X team" thing. Tell ya what, build something, bring in a verifiable $10 million in Sales Tax revenues that get paid to the City, we'll give you a check for $10,000. But every dime that the City rebates to these guys is revenue that has to be made up somehow - because Cities rarely, if ever, cut spending. Guess where that money's coming from folks? That's right - YOUR WALLETS! No way, no how should the City rebate any sales taxes to anyone for anything. If the Company that owns the mall is interested in revitalizing it, let them absorb the costs of doing so as a COST of doing business. There's absolutely no reason why the City should give them a dime. The City's role in this is ensuring the overall plan doesn't adversely impact traffic, or violate zoning laws. The rest of it is on the business that owns the property.


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