[Hoffman Estates] expects to receive at least $2 million annually in taxes, after the retailer takes advantage of all the financial incentives it has been offered.

Local sales and home-rule taxes will bring in about $1.84 million annually, and village’s food and beverage tax is expected to generate another $46,000 a year, said Dan O’Malley, deputy village manager.

But Cabela’s will receive a rebate of up to $18 million in sales tax revenues from the village over the next decade, depending on how successful the store is, said Village President William McLeod.

McLeod said Hoffman Estates is giving back a portion of the sales tax to Cabela’s, capped at $18 million or 10 years, whichever comes first…

Because Cabela’s is in an economic development area, the village will receive only about $53,000 annually in property taxes until 2013, when it will receive the full $176,491, said Mark Koplin, assistant village manger for development services.

The store will employ about 400 people…(source: Chicago Tribune 9/20/07)

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