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Board backs 70% tax incentive for 50-acre tract near airport to spur industrial development
Summary
The board voted to join a multi-jurisdictional support request asking the Illinois Department of Commerce and Economic Development to include a 50-acre tract north-west of the airport in a program offering a 70% abatement on improvements to attract industrial development; the city of Danville has already approved the plan.
The Vermilion County Board voted to join the city of Danville and other local taxing bodies in requesting state support for an incentive package tied to a 50-acre tract north and west of the airport (north of West Noble Road and west of Owen Avenue).
Presenters said the city intends to extend sewer and infrastructure to the property to make it market-ready for commercial or industrial uses. The incentive under…
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