Village of Johnsburg Minutes Regular Meeting of the President and Board of Trustees 2026-05-05
Economic incentive agreement approved for Target project
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Description
The Village of Johnsburg approved an Economic Incentive Agreement with TEI Johnsburg LLC to facilitate redevelopment of the former JC Penney space with a new Target store at the Shops at Fox River. The agreement supports a public-private partnership structure tied to tenant relocation, property acquisition, and new financing, with Target expected to open by November 2027.
Contract Details
Vendor
TEI JOHNSBURG LLC
Agency
Johnsburg village, IL
Contract Type
FINANCIAL_SERVICES
Document Date
May 5, 2026
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