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Class 7A Incentive Recommended for Golden Corridor YMCA

Town of Schaumburg logoTown of Schaumburg
Document date
Jan 12, 2026
Renews
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The 30-second brief

What it covers

The Schaumburg Business Development Commission is considering recommending a 12-year Class 7A property tax incentive for Golden Corridor Family YMCA at 101 Barrington Road. The YMCA plans to invest $1 million, create 48 jobs, and open the facility in summer 2026.

Who holds it

Golden Corridor Family Ymca holds this contract with Town of Schaumburg. Its other public contracts on record include work for Schaumburg village (pt.) and City of Elgin city.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every Town of Schaumburg contract.

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Contract details

Document date
January 12, 2026
Term
12 years; 10% assessment for years 1-10, 15% for year 11, and 20% for year 12
Renews
Free account
Vendor
Golden Corridor Family Ymca
Agency
Town of Schaumburg
Source document
Village of Schaumburg AgendaPacket Schaumburg Business Development Commission 2026-01-12 (AgendaPacket)

Golden Corridor Family Ymca's other public contracts

Schaumburg village (pt.), IllinoisSchaumburg Approves YMCA Development Agreement and Tax Incentive · Feb 24, 2026City of Elgin city, IllinoisYMCA After-School CDBG Request Deemed Ineligible · Sep 24, 2025City of Elgin city, IllinoisCDBG Funds Support YMCA Refrigerated Van Purchase · Sep 10, 2025$50KSchaumburg CCSD 54, IllinoisDistrict 54 extends YMCA facility use agreement · Jul 1, 2025UndisclosedSchaumburg CCSD 54, IllinoisDistrict 54 Extends YMCA Facilities Use Agreement · Jul 1, 2025UndisclosedAll Golden Corridor Family Ymca contractsVendor profile

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Questions about this contract

Who was awarded the government contract by Town of Schaumburg?

Golden Corridor Family Ymca was awarded this government contract by Town of Schaumburg, as recorded on January 12, 2026.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Village of Schaumburg AgendaPacket Schaumburg Business Development Commission 2026-01-12 (AgendaPacket), dated January 12, 2026 from Town of Schaumburg. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Golden Corridor Family Ymca hold?

Golden Corridor Family Ymca may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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