Ciere Boatright commissioner of the Chicago Department of Planning and Development (DPD) | LinkedIn
Ciere Boatright commissioner of the Chicago Department of Planning and Development (DPD) | LinkedIn
A landscape decor company was approved by City Council today for a Cook County Class 6(b) property tax incentive that will support a planned construction project in West Town.
IGS HQ LLC will use the incentive for a $2 million acquisition and renovation at 1474 W. Hubbard St. that will provide 13,500 square feet for decor-related manufacturing and storage space. The incentive will reduce taxes on the property by an estimated $101,788 during the 12-year term.
The Class 6(b) incentive is intended to encourage industrial retention and attraction involving underutilized buildings and property.
Alerts Sign-up