Hoffman Estates restaurant campus in Higgins and Barrington to receive funding for improvements

The end of Hoffman Estates’ first tax increase funding district at the southeast corner of Higgins and Barrington Roads after 35 years comes with the allocation of $ 600,000 for further improvements to its five lot restaurant campus.

The tax incentive was originally approved in 1986 for a proposed automotive mall, but instead led to the establishment of the restaurant campus on the corner and the Stonegate Banquet & Conference Center to the east.

Although a TIF district normally lasts 23 years before expiring, village officials granted a final 12-year extension at the request of Stonegate owners at the time, said Kevin Kramer, Hoffman’s director of economic development. Estates.

Money raised through increased property taxes for businesses within a TIF neighborhood is intended for public improvements, rather than local governments, which enable and support private development.

The $ 600,000 is allocated to Schaumburg-based Ala Carte Entertainment, which owns four of the five restaurant lots and also acts as the manager of the Higgins & Barrington Commercial District Association on campus.

The money will continue to be held by the village and returned to Ala Carte only to reimburse the costs of eligible projects, Kramer said.

One of the conditions is the resurfacing of the internal pavement of the campus by November 1. This cost has been estimated to be around $ 150,000, but in the breakdown of the total allowance it is estimated to be $ 200,000.

“It has to be done too,” Kramers said. “It’s deteriorating.”

He added that savings in one area of ​​improvements may allow spending more in another.

The Steak ‘n Shake is the only building on campus that does not belong to Ala Carte. A Moretti’s and Moretti’s Unique Events are operational, while a former TGI Fridays and Romano’s Macaroni Grill remain vacant and await redevelopment.

Kramer said that while TIF funding can be used even to demolish a vacant building, it cannot be spent on surface construction.

The allocation provides $ 170,000 for the vacant Macaroni Grill site, $ 136,000 for vacant TGI Fridays and $ 94,000 for a few monument signs for all businesses on campus.

No specific plan has yet been presented for the TGI Fridays site, but in September 2020, Ala Carte received positive feedback from village administrators during a courtesy review of a plan for the Macaroni Grill site.

As part of this plan, there would be an Amoco gas station, a Circle K convenience store, an Ala Carte Entertainment restaurant named Buddy’s Beef, and a Gloria Jean’s cafe. But no further action has been requested in 15 months.

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