Monday, May 09, 2011

Daily Herald: Sears could leave Hoffman Estates, costing suburbs big money and jobs

How about just making Illinois a profitable place to do business instead of letting ourselves getting shook down. Or does this kind of crony Capitalism just fit our shake down political culture? Why not just reduce the tax burden on those with clout and little clout alike instead of putting the state up for sale?
Twenty-two years ago, Sears Roebuck and Co. leveraged an impending move from Sears Tower and fears it would move out of state into a sweet deal valued at $240 million and a sprawling new headquarters in Hoffman Estates.

Now, with the last of those state and local incentives set to expire in 2012, Sears again has been quietly evaluating where it wants to call home.

Read more: http://www.dailyherald.com/article/20110509/news/705099965/#ixzz1Lqx8YJIl

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