Municipal Incentives Attorneys in Illinois
Trusted Lawyers for Property Development Incentives
At Sosin, Arnold & Schoenbeck Ltd., we realize that various government entities frequently offer different types of incentives for property owners and real estate developers in certain situations. Our skilled attorneys work on behalf of developers and owners in negotiating with local governments in obtaining the necessary incentives to complete their intended projects.
When you work with us, you are more than just the name on a file; you are a valued part of our family. We take the time to get to develop relationships with our clients, and we become more than just legal advocates. Many of our clients have come to rely on us as trusted business advisors in addition to skilled attorneys.
Finding Municipal Incentives to Meet Your Needs
Sosin, Arnold & Schoenbeck Ltd. has been serving clients in Northern Illinois and beyond for more than 35 years. We have handled a wide variety of matters involving municipal development incentives on behalf of private and commercial entities, as well as public sector groups and local governments. Our attorneys are equipped to assist you with negotiating the terms of all types of municipal incentives including:
- Sales tax exemptions;
- Tax increment financing agreements;
- Use tax exemptions;
- Tax-exempt bonds;
- Property tax abatements;
- Payments in lieu of taxes arrangements; and
- Many others.
Creating Local Development Opportunities
At Sosin, Arnold & Schoenbeck Ltd., we understand that municipal incentives are used to point development efforts in a direction that best serves the needs of the local community. They may be used to redevelop blighted areas, to stimulate economic growth, to establish new industries in a given region, and to create local jobs. Some incentives may be very limited in their scope, while others are more general. Our attorneys are equipped to help you find available incentive programs or to develop original incentive proposals designed to benefit your intended project as well as the city or village.
Our attorneys realize that municipal incentives often offer tax advantages and other considerations over the course of several years. While your incentive agreement is in place, complications may arise with its execution. Local economies can be volatile, and public opinion regarding certain issues can change quickly. At Sosin, Arnold & Schoenbeck Ltd., we will remain at your side for the duration of your incentive agreement, regardless of the challenges you encounter.
To learn more about our firm and how we can help with your development goals, contact our office. Call 708-448-8141 for an appointment.