Breaking News Bar
posted: 7/9/2012 5:51 PM

Elgin council considers incentives to entice Portillo's

hello
Success - Article sent! close
 

Portillo's lovers in the Elgin area soon may be able to buy the restaurant chain's famous hot dogs and Italian beef closer to home.

Elgin City Council members will consider an economic incentive agreement Wednesday to help convince the Midwest's largest privately-owned restaurant company that Elgin is the right place for its next opening. For now, the closest restaurants are in St. Charles, Batavia, Streamwood and Crystal Lake.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

The agreement includes a commitment to "fast-track" the permitting process for construction of the development, which will house 16,000 feet of retail space as well as an 8,400-square-foot restaurant at Bowes and Randall roads in the Wal-Mart/Sams Club lot.

About $134,000 in development fees will also be waived if the agreement is approved Wednesday.

Elgin Assistant City Manager Rick Kozal helped negotiate the incentives. He said the city started working with Portillo's representatives in November 2011 when they were focusing on an outlot in the Meijer shopping center.

Kozal said the incentives will help ensure the restaurant chooses Elgin over other options along the Randall Road corridor. And the package will be less controversial than more recent incentives offered with cash payouts for employee hires.

"It's an economic incentive agreement that's consistent with the direction of the council," Kozal said. "There is no outflow of funds."

The restaurant is expected to hire 120 employees and generate $7.2 million in revenue in 2013. The city is expecting $162,000 in sales tax revenue from that total, making up the amount it is offering to waive through the agreement in the first year.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.