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Mayor frames redevelopment, defends board and questions property‑tax rebate plan
Summary
Mayor delivered an extended address praising economic development in New Lenox, highlighted incoming subdivisions and retail activity, and argued a proposed $2.5 million property tax rebate would cost taxpayers more over time than alternatives.
Mayor delivered a lengthy address during Reports and Communications outlining the village’s redevelopment strategy, recent commercial successes and the tradeoffs the board considers when weighing a property tax rebate.
The mayor said New Lenox has attracted businesses such as Cooper's Hawk, Portillo’s, Starbucks and CVS and described planned residential subdivisions that he estimated could total roughly 1,000 new homes. He argued redevelopment drives sales tax and…
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