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West Dundee plans to scrap an old TIF district and create a new one for Spring Hill Mall and the surrounding area. The old TIF district is underwater and not generating any money. Carpentersville did something similar for portion of the mall that falls within its boundaries.
West Dundee plans to scrap an old TIF district and create a new one for Spring Hill Mall and the surrounding area. The old TIF district is underwater and not generating any money. Carpentersville did something similar for portion of the mall that falls within its boundaries.
Spring Hill Mall's property taxes may be paid, but that doesn't ease concerns from village officials about the mall's future.
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Spring Hill Mall property taxes are $102,000 in arrears, which came as news to the CEO of the company that owns the shopping center and has the village presidents of West Dundee and Carpentersville concerned.
It was once the place where Harlingen went to shop, but now, half of the Valle Vista Mall sits empty.