Great location with potential for future development. Located just off the new I-57 interchange. Priced at $25,000 per acre. Parcel could be divisible. Utilities are available to site. Bourbonnais Parkway is appealing for new development in part due to eligible incentive programs – Tax Increment Financing, Business District and Enterprise Zone. Over 1,400 acres are currently available for Industrial TIF, while potential reimbursements to private developers within the Business District provide additional benefits. Two Enterprise Zones offer 5-year property tax abatement, sales tax exemptions on building materials, machinery and equipment sales, utility tax exemption and other growth incentives for new development.
A quick, 45-minute drive south of Chicago, the Village of Bourbonnais and surrounding Kankakee County are already experiencing this growth. The region recorded $1.5 billion in major capital investment generated by robust expansion and new development in the advanced manufacturing, transportation/logistics, energy, healthcare and bioscience sectors (2014-2017). The community continues to lead the state in job growth among small metros, as calculated by Milken Institute in its Best-Performing Cities Index, and is the #4 small metro for cost of doing business in the USA, according to Forbes Magazine.
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5/8/2020 9:22:25 PM