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American Ventures is working on an economic incentive agreement with the Elgin Economic Development Corp. to build a 350,000 mixed-use development in the town of 12,000. Elgin Commons would be situated along U.S. Highway 290 at the west entrance to the city. The company hopes to lure a hotel and big-box retail store like a grocery store, entertainment venue, or fitness venue, with the first pad sites delivering early next year.