BOURBONNAIS — A Highway Ranger journey heart is proposed to open on the Bourbonnais Parkway in late 2022 or early 2023.
The Rockford-based firm bought an 11-acre lot on the southwest aspect of the Interstate 57 interchange (Exit 318).
Particulars of the venture had been introduced throughout a Bourbonnais finance committee assembly final week.
The journey heart would come with gasoline service areas for cars and semi-tractor trailers. There could be a comfort retailer that features meals companies.
Jennings Realty of Chicago is the developer for the undisclosed landowner of 145 acres on the east aspect of U.S. Route 45/52 between Indian Oaks Highway (East 5000N County Highway) and Bourbonnais Parkway (East 6000N Highway).
The journey heart would change into the third situated in Kankakee County. There’s a Love’s Journey Cease situated at Exit 308 on I-57 in Kankakee and the corporate is presently constructing a facility on the east aspect of Grant Park.
Throughout its presentation, Jennings representatives requested trustees for $1.5 million in tax increment financing (TIF) for use for infrastructure work on three connecting tons on the south aspect of the parkway, which incorporates the 11-acre lot Highway Ranger is buying.
TIF districts permit native governments to put money into infrastructure and different enhancements by the property taxes generated throughout the district’s boundaries.
Jennings’ monetary officer, Jim Adamo, mentioned the cash could be paid again by tax revenues (gross sales tax and gaming tax). The size of the mortgage is till 2029, however Adamo mentioned that it may very well be paid off in three to 5 years based mostly on projected revenues.
Trustees gave approval for attorneys representing all pursuits to work out the small print.
Mayor Paul Schore mentioned the village has been in dialogue for the previous yr on the venture.
“It will herald lots of out-of-town cash,” Schore mentioned. “It is a high quality venture, an excellent venture.”
The village has not had any critical discussions with different companies trying on the space, although one other 10.4-acre lot on the southeast nook of Bourbonnais Parkway at U.S. 45/52 has drawn lots of curiosity, he mentioned.
Schore and different village officers visited Highway Ranger’s journey heart in Marion, which opened late final yr.
Realtor Jeff Bennett of McColly Actual Property was the land dealer for Jennings.
“That is the proper match for the primary venture involving the Bourbonnais Parkway Change,” Bennett mentioned. “It is a win-win for all sides.”
Highway Ranger plans to speculate between $9 million and $10 million within the venture, Bennett mentioned. It expects to make use of between 60 and 70 full-time and part-time employees.
Vary Rover officers didn’t reply to an electronic mail for added info. The corporate owns 74 journey heart and comfort retailer areas in Illinois, Iowa, Indiana, Missouri, Texas, Arkansas and Wisconsin. Half of the areas are situated in Illinois.