PRCP included in Yorktown Reserve incentive package
Lombard village (pt.)City · Lombard, IL- Disclosed value
- $20,756,301 in TIF incentives plus $8,295,282 in BD2 sales tax incentives (projected, shared project context with Synergy)
- From minutes
- Document date
- Dec 8, 2025
The 30-second brief
The Economic & Community Development Committee supported continued negotiation of an economic incentive agreement with Pacific Retail Capital Partners, the Yorktown Center owner, in conjunction with Synergy Construction. The package would provide substantial TIF and Business District incentives to back demolition of the former Carson’s, creation of public open space, and a major multifamily redevelopment.
Pacific Retail Capital Partners (Prcp) holds this financial services contract with Lombard village (pt.).
Term as filed: TIF incentive period contemplated at 17 years; BD2 incentives duration not specified.
See who decides the next one before it's bid.
Get pre-RFPs freeFree account · 30-second setup · No credit card
Contract details
- Contract type
- Financial Services
- Amount
- $20,756,301 in TIF incentives plus $8,295,282 in BD2 sales tax incentives (projected, shared project context with Synergy)
- Document date
- December 8, 2025
- Term
- TIF incentive period contemplated at 17 years; BD2 incentives duration not specified
- Vendor
- Pacific Retail Capital Partners (Prcp)
- Agency
- Lombard village (pt.)
- Source document
- village_of_lombard_economic_community_development.pdf (Minutes)
Pacific Retail Capital Partners (Prcp)'s other public contracts
More Lombard village (pt.) contracts
Questions about this contract
Who was awarded the financial services contract by Lombard village (pt.)?
Pacific Retail Capital Partners (Prcp) was awarded this financial services contract by Lombard village (pt.), as recorded on December 8, 2025. The contract value is $20,756,301 in TIF incentives plus $8,295,282 in BD2 sales tax incentives (projected, shared project context with Synergy).
How much is the Pacific Retail Capital Partners (Prcp) contract with Lombard village (pt.) worth?
The Pacific Retail Capital Partners (Prcp) contract with Lombard village (pt.) is valued at $20,756,301 in TIF incentives plus $8,295,282 in BD2 sales tax incentives (projected, shared project context with Synergy), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in village_of_lombard_economic_community_development.pdf (Minutes), dated December 8, 2025 from Lombard village (pt.). Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 1 more question
What is Lombard village (pt.) currently buying?
Explore Lombard village (pt.)'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
