economic development

Homewood approves tax break for new restaurant

The Homewood village board, at its Sept. 25 meeting, passed a resolution supporting a Class 8 tax incentive for a property at 1941 Ridge Road. The property is expected to be the location of a new restaurant. Trustee Lisa Purcell abstained from voting because she has an ownership interest in the property.
 

Flossmoor buys vacant downtown land for development

A 37,500 square-foot plot of land in downtown Flossmoor that has been vacant for more than a decade is now slated for development, with village officials considering businesses, high-end apartments, restaurants and community space as potential options.

Village officials bring the hammer down on former bank building

The former bank building at 175th and Halsted streets in Homewood will be coming down this week to make way for a restaurant development, and village officials helped get the process started on Monday with a ceremony to mark the occasion. Instead of cutting a ribbon, they picked up a sledge hammer and got to work.

Homewood trustees approve business incentive for Bookies, tour new fire truck

The Homewood Board of Trustees approved business incentives for Bookies New and Used Books, an independent book store being developed at 2015 Ridge Road. The brief meeting was preceded and followed by tours of the village's new fire truck, which went into service Tuesday night.

Former banks coming down

Two former bank buildings are coming down to make way for new developments, one in Flossmoor, one in Homewood.

Want to open a new business in Flossmoor? Here’s how to apply for an economic incentive

Prospective Flossmoor business owners who want to ask the village board for financial incentives now have some ground rules for their application process.
 
At the Flossmoor village board’s July 2 meeting, trustees unanimously approved formal economic development policy guidelines in an effort to clarify what types of financial incentives it will consider and how applicants should prepare their requests.
 

Homewood to purchase building once part of proposed development

Homewood agreed to purchase the vacant Triumph building at the corner of Ridge Road and Martin Avenue and village officials hope to reignite a development plan at the key location in downtown Homewood.

Triumph building purchase on board agenda Tuesday

Homewood officials have reached an agreement to purchase a vacant building that has for some time been featured in its plans for downtown redevelopment.

Trustees on Tuesday will have an opportunity to approve a contract on the building at 2033-2045 Ridge Road and 18042-18044 Martin Avenue, commonly referred to as the Triumph Building.

CN official lauds company relationship with Homewood

Diverse. Stable. Respectful. Those are the characteristics of Homewood that attracted Canadian National Railway to the village and persuaded company officials to locate its U.S. training center here, according to John Orr, CN senior vice president of operations. 

Land bank authority eyes redevelopment of three Homewood buildings

Homewood Village Board members approved an intergovernmental agreement with the South Suburban Land Bank Development Authority at their Jan. 23 meeting, setting in motion a process to redevelop three vacant properties. The board also approved variances for Freddy's Frozen Custard, which plans to open a restaurant on Halsted Street later this year.

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Flossmoor, IL 60422