Lake in the Hills economic policies aim to entice retailers
LAKE IN THE HILLS – Hoping to spark economic development, the village is offering incentives to encourage retail development along Routes 31 and 47.
The Village Board last week approved a sales-tax sharing program and fee-reduction program for those corridors.
“The Route 31 and Route 47 corridors contain the largest areas for future commercial development and have the most challenges to development,” Village Administrator Gerald Sagona wrote in a memo to the Village Board. “Providing additional incentives in these corridors will hopefully entice a developer to come forward with a proposal that will be a benefit to the village.”
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