Belleville to make final payment on 5,000 in incentives for Eckert's expansion
Belleville City Council is abolishing a special business district and a tax-increment-financing district established 13 years ago to help fund an e...
Belleville City Council is abolishing a special business district and a tax-increment-financing district established 13 years ago to help fund an expansion at the Belleville location of Eckert's Country Store and Farms. That's because the revenue generated and savings realized by the two redevelopment tools is expected to reach $975,000 by mid-year, according to Belleville Finance Director Jamie Maitret. That's the maximum in incentives allowed under a 2010 agreement with the city. The most immediate and direct impact on local residents will be a 1% sales-tax reduction in the business district, located at the northwest corner of Illinois 15 and Green Mount Road.