[H. Rick Bamman]
The 68.13-acre lot formerly was Huntley Outlet Center, 11800 Factory Shops Blvd., which opened in August 1994, and at its heyday, it housed more than 40 stores. Banana Republic Factory Store – the last retailer to shut its doors – closed April 29.
The proposal outlines a "Huntley Commercial Center," featuring five development pods and three outlots for various office and industrial use. The agreement said it would be similar to the Weber warehouse distribution center, 41255 Freeman Road, east of the property and the General RV Center located west of the property.
The exact size and location of the buildings is dependent on the businesses, according to the application. General RV bought 8 acres of the former outlet center property to expand its business.
The commercial center would bring in an estimated $1,284,471 in property taxes – bringing about $857,000 to Algonquin-based School District 300, $73,000 to the village of Huntley, and $106,000 to the Huntley Fire District, among other taxing bodies, according to the agreement. The rezoning agreement calculated the anticipated taxes based on 2016 rates and the Weber distribution facility.
The village of Huntley received $5,885 in 2016 from the vacant outlet center in property taxes, according to the agreement.