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Hoffman Estates approves incentives and tax‑classification support for five‑building Compass Data Centers project
Summary
The village approved an incentive agreement and an ordinance supporting Cook County Class 6B property‑tax classification for multiple Compass Data Centers entities; staff said Compass will provide $800,000 per building in community investment, and the Class 6B 12‑year benefit begins when a building is 60% occupied.
The Village of Hoffman Estates approved an incentive agreement and an ordinance Feb. 10 supporting Cook County Class 6B property‑tax classification for a proposed five‑building Compass Data Centers development along Trillium Boulevard.
Kevin (staff member) told the Planning, Building and Zoning Committee that staff and corporate counsel drafted an incentive agreement tied to the site-plan process. He said the agreement commits Compass to provide a community investment of $800,000 per building, payable at the time of final certificate of occupancy, and that the village will consider an…
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