Mount Prospect Backs Tax Break for Industrial Site
The village board's recommendation clears a path for an $11 million redevelopment at the Kensington Business Center.
Updated on Oct. 26, 2026 in Commercial
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Mount Prospect trustees have voted to recommend a Cook County 6b tax incentive to support the $11 million redevelopment of 1600 Bishop Court. The project involves demolishing an existing four-story structure to construct a new 97,000-square-foot industrial facility.
Why it matters
This tax incentive aims to attract new manufacturing, warehousing, or distribution tenants to the Kensington Business Center, potentially boosting local industrial activity. The recommendation marks a key step in redeveloping a site formerly occupied by NTN USA Corp.
The proposed 12-year incentive drops the property tax assessment rate to 10% for the first decade and 20% for the final two years, significantly lower than the standard 25% rate. This proposal follows approximately 45 similar incentives granted in the village since 2000.
The players
Mount Prospect Trustees
The local governing body responsible for overseeing village zoning, development, and tax incentive recommendations.
Cook County Board
The regional legislative authority that holds the final decision-making power to grant the Class 6b tax incentive.
Beth DiPrima
A member of the village board who cast the sole dissenting vote against the property tax incentive.
The details
The site owner intends to clear the vacant four-story building to make way for a modern industrial structure tailored to distribution or manufacturing needs. By securing Class 6b status, the project seeks to lower the tax burden on the property to incentivize investment and job growth. The recommendation now proceeds to the Cook County Board, which holds the authority to formally approve the tax incentive status.
Timeline
2000: Mount Prospect began granting 6b tax incentives.
Last week: Trustees voted 4-1 to recommend the incentive.
The Home Front
This development follows the established precedent of the Cook County Class 6b property tax incentive to revitalize aging industrial zones. It reflects a broader trend of leveraging municipal tax policy to update commercial building stock to meet modern distribution standards.
Local property owners should monitor upcoming Cook County Board meetings to see when the incentive status is formally finalized. Those living near the Kensington Business Center may see increased construction activity at the 1600 Bishop Court site once the project receives final approval.
The takeaway
This redevelopment project highlights the role of municipal tax incentives in modernizing local business infrastructure. Keep an eye on local development notices to track when demolition work begins at the Bishop Court site.
Further reading
For more on how local development affects the regional landscape, visit our Commercial section.
Source note: This article includes information reported by Daily Herald.
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