WHEELING – Two Chicago suburbs locked in a longtime financial dispute stemming from ownership of the Chicago Executive Airport have reached an agreement over taxes and revenues.
Wheeling and Prospect Heights – which co-own the Chicago area airport – reached the agreement this month, according to the Arlington Heights Daily Herald.
Both communities have had an intergovernmental agreement over the airport since 1985. But sales and fuel taxes caused clashes and at least one lawsuit. One concern was whether Wheeling was paying Prospect Heights a fair share of airport revenues.
Under the agreement, Wheeling will pay Prospect Heights just under $475,000 for sales and fuel taxes earned at the airport from mid-2005 through 2012. The communities will split proceeds retroactive to January 2013 and beyond.
The communities’ mayors say they’re pleased.
“We’ll start the new year off fresh,” Wheeling Village President Dean Argiris, who was elected in April, told the newspaper. He added that the disagreement over the years was because “people just wanted to prove who was the tough guy.”
He and Prospect Heights Mayor Nick Helmer said the agreement took leadership.
“I told my council it was time to end the contentious relationship that had to do with money, not personalities,” Helmer said.
The Chicago Executive Airport – which covers more than 400 acres – is in Wheeling. There are approximately 200,000 takeoffs and landings each year at the airport.