Here’s what you need to know:
1. The vote came after a proposal to build a new Des Plaines-based Illinois Bone & Joint Institute location in a Palatine, Ill-based mixed-use building.
2. The building was constructed with $5.6 million in tax increment financing funds, with an agreement to only allow sales-tax generating businesses to lease space.
3. Because medical offices do not generate sales taxes, the practice would otherwise not be allowed.
4. Javin Properties, the building’s current owner, agreed to cap its non-sales-tax use at 55 percent, which is enough to accommodate the Illinois Bone & Joint Institute.
5. With the rule changed, the village council is expected to consider the Illinois Bone & Joint Institute’s application for space sometime in August.
More articles on orthopedics and TJR:
American Orthopedic Society for Sports Medicine honors Dr. Robert LaPrade and colleagues: 4 facts
Preoperative opioid use is linked to higher readmissions after TKA, THA surgeries: 4 Journal of Bone & Joint Surgery study findings
Virtual physical therapy tech allows Delta Joint Management physicians to monitor patients remotely: 5 key insights
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.