total of about $3.3 million in tax incentives to spur the development, which is being called the Perryville Promenade.
About $300,000 of that has already been provided as reimbursement for improving the intersection to accommodate a large retail center.
The proposal will go before the city’s planning and development committee Monday.
It would create 588 jobs during construction and 1,177 permanent full- and part-time jobs once the commercial retail center is open, according to a Northern Illinois University study.
There has been no word yet on when the center could open.
The NIU study also estimates that the 600,000 square-foot center will generate $3 million a year in annual sales tax revenue and $680,000 in property taxes.
Click on the following for more details: Meijer superstore could anchor proposed Perryville development - Rockford, IL - Rockford Register Star
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