Q1 2020 EAKC Bod Report
Q1 2020 Board Report Olivet Nazarene University, Bourbonnais, IL Thursday, February 13, 2020 OUTCOMES 2019* *Industrial, commercial and institutional projects exceeding $250,000 with which the Economic Alliance office was involved in 2019 INDICATORS 2020 #1 IN THE MIDWEST 5-YEAR GROWTH BUSINESS ATTRACTION • Intersect Illinois Project Cloud Gate - $85M heavy industrial user, 200 FTE, Q4 2021 occupancy • 24,000 – 40,000 SF sole-tenant C1D1 industrial hemp processing facility • 60,000 – 100,000 SF distribution/warehouse • Ag conglomerate general utility and tax rate inquiry, not project specific • $200M energy production facility, 25 FTE BUSINESS ATTRACTION BOURBONNAIS PARKWAY DEVELOPMENT AREA • $22 million to $24 million expansion to its campus at the intersection of Burns Road and U.S. 45/52 in Bourbonnais • 3-story, 75,000 SF medical office PROJECTED TIMELINE: • May 2020 groundbreaking • Q3 2021 occupancy Click image to access Alliance property portal. Development plan complete 3,000 acres, utilities in place 1,400 acres industrial TIF property 5-year property tax abatement for qualifying new construction BOURBONNAIS PARKWAY DEVELOPMENT AREA 4882 North Convent Street, Bourbonnais, IL 60914 • Ownership now open to divisions as small as 25,000 SF for remaining 125,000 SF. • Lease rate negotiable • IT Infrastructure: 2,000 CAT 5 ethernet drops, 2,000 kw backup generator and UPS power management module • Prospective uses include headquarters, back office/call center, data center, disaster recovery, business incubator, prof. services. • CLICK
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