Ciere Boatright commissioner of the Chicago Department of Planning and Development (DPD) | City of Chicago Website
Ciere Boatright commissioner of the Chicago Department of Planning and Development (DPD) | City of Chicago Website
HSG Belmont Clark LLC would receive a Cook County Class C property tax incentive to support its recently completed commercial structure in Lake View under a proposal introduced to City Council today by Mayor Brandon Johnson.
The two-story, $29.9 million project replaced a parking lot and bank at 3179 N. Clark St. and included extensive environmental remediation. The incentive would reduce taxes on the property by an estimated $2.9 million during the 12-year term.
The Class C property tax incentive is intended to facilitate commercial and industrial investment in properties that have substantial environmental contamination.
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