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The village’s Administration and Finance Committee Monday night unanimously agreed to establish a tax increment financing district for a retail and commercial development on 60 acres along Dundee Road between Elm Street and Rand Road.
The measure now goes to the Village Board.
Great Lakes Principals, a real-estate company based in Oakbrook Terrace, is proposing to build a 435,000-square-foot retail center, which would include the expansion of an existing Jewel Food Store and the construction of a new Target store on about 40 acres.