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Hoffman Estates cites $10 billion Compass investment, $500 million Microsoft expansion

Office of the Mayor, Village of Hoffman Estates · February 19, 2026

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Summary

Mayor Bill McLeod said Compass Data Centers will redevelop the former Sears headquarters with an investment he put at more than $10,000,000,000 and that Microsoft has entered phase 2 of a $500,000,000 data center expansion along Lakewood Boulevard; both projects are presented as diversifying the village tax base.

Mayor Bill McLeod said Compass Data Centers will transform the former Sears headquarters site into a data center campus and that the company’s investment is "over $10,000,000,000," a development he described as diversifying Hoffman Estates’ tax base and strengthening long-term financial stability.

McLeod also said Microsoft has moved into phase 2 construction on its Lakewood Boulevard data center campus after the village completed work on an electrical substation expansion. "Phase 1 and phase 2 represents a $500,000,000 investment," he said, and additional buildings on the expanded site are under review.

The mayor framed both projects as part of the village’s larger effort to attract technology-sector development and to broaden revenue sources beyond traditional retail and property classes. He said the Compass project repurposes a legacy site and that Microsoft’s campus growth follows infrastructure upgrades the village supported.

No municipal vote or formal agreement text was cited in the address; McLeod presented the figures as announcements of private investment and described anticipated public benefits in general terms. He did not specify tax-increment detail, job counts, or timelines beyond noting that the Sears demolition was completed in 2025 and that Microsoft construction is in phase 2 review.