Category Archives: News

Elk Grove Village public hearing on industrial park TIF

According to Journal Online, Elk Grove Village has scheduled a public hearing for 6pm on Tuesday February 11, 2014 to present the proposed tax increment financing (TIF) district in the village’s 60 million SF industrial park.  Grants, low interest or … Continue reading

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New 6b tax amendments proposed by Cook County

Published in the October 2013 issue of Chicago Industrial Properties, attorney Brian Liston discusses in his article “New 6b tax amendments proposed by Cook County” how new amended law now provides additional ways to receive the Cook County 6b tax benefit … Continue reading

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Chicago Metropolitan Agency for Planning gives thumbs down to Illiana Corridor

Chicago Tribune reported today that Planners give thumbs down to Illiana Corridor.  The proposed 47-mile tollroad would connect I-55, I-57 and I-65 between Wilmington, Illinois and Cedar Lake, Indiana. For more information, please contact Adam Marshall, amarshall@ngkf.com, 773.957.1428

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Federal Highway Administration Approves Illiana Corridor B3 to connect I-55 and I-65

The Federal Highway Administration (FHWA) approved corridorB3 on January 17, 2013 as the selected corridor in the Illiana Corridor Tier One Environmental Impact Statement and Record of Decision.  This east-west corridor will connect I-55 in Illinois to I-65 in Indiana. For more … Continue reading

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Feds OK Elgin-O’Hare extension, bypass toll road

A record of decision has been approved by The Federal Highway Administration and Federal Aviation Administration for the Illinois Tollway Authority to build the Elgin O’Hare – West Bypass expressway: Feds OK Elgin-O’Hare extension, bypass toll road For more information, … Continue reading

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Capital Gains Tax on Investment Property to Increase in 2013

An article published by Morgan Stanley Smith Barney in March 2012, Tax Moves to Consider Now discusses the low likelihood of Congress extending the Bush tax cuts which will expire on December 31, 2012. Beginning in 2013, the capital gains tax … Continue reading

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Elgin O’Hare West Bypass Expressway Receives Funding

In June 2011, the Elgin O’Hare – West Bypass (EOWB) Advisory Council reached consensus to proceed with and fund the $3.4 billion  EOWB Initial Construction Plan.  Two months later, the Illinois Tollway Board of Directors adopted the 15-year, $12 billion … Continue reading

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