You’ll hear us talking about “hot development zones” quite a bit right now in Kankakee County. Where are these zones and why are they hot?

Attendees of the RESearch event heard all of the particulars from industry leaders, public officials and colleagues. Here are highlights of this conversation…

BOURBONNAIS PARKWAY DEVELOPMENT AREA

  • 3,000 total acres @ new I-57 Exit 318
  • 1,400 acres industrial TIF property
  • Adopted: Land Use Plan by Ratio/Piggush Engineering
  • Utilities in place
  • 5-year property tax abatement for qualifying new construction

BRADLEY ROUTE 50 COMMERCIAL CORRIDOR

  • Highest trafficked artery in Kankakee County
  • Location of 1.8 million SF CSL Behring & $180 million Nucor Steel expansions
  • Ongoing: Northfield Square Mall Redevelopment Study
  • Ongoing: IL Route 50 Corridor Study by Hitchcock Design Group
  • 5-year property tax abatement for qualifying new construction

KANKAKEE RIVERFRONT OPPORTUNITY ZONE

  • County’s only designated Opportunity Zone
  • Adopted: Riverfront Master Plan by Hitchcock Design Group
  • Underway: Riverfront Master Plan implementation
  • Now Available: Historic Tax Credits for qualifying Downtown Kankakee redevelopment
  • Special Service Area incentives
  • 5-year property tax abatement for qualifying new construction
  • Anticipated Q2 2019: Riverfront/Downtown TIF and Exit 312 TIF approvals
Event Coverage