Property tax incentives approved by City Council today will support the construction of a truck warehouse in South Deering and the revitalization of a vacant industrial complex in North Center.

Adelman’s Truck and Equipment Corp.
A Class 6(b) tax incentive will help Adelman’s Truck and Equipment Corp. construct a 24,500-square-foot warehouse and office building at 3033 E. 106th St.

 The company, which currently occupies a 6,000-square-foot building on site, will invest $2.5 million to build the larger structure for sale of its heavy duty trucks, trailers and related parts and equipment.  The new building will rise on 10-acres of land along the Calumet River.  After construction and landscaping are complete, the company will gradually add 24 jobs to its four-person workforce.

The incentive will lower Adelman’s property tax rate for the next 12 years, resulting in $162,000 in savings over the period.

Vosges, Ltd.
A Class 6(b) will also be used to facilitate a $7.7 million expansion and rehabilitation project by Vosges Ltd. at 2900-52 N. Oakley Ave., where the specialty chocolate maker will purchase and renovate a vacant, 42,400-square-foot building for manufacturing, office and warehouse space.

The company, which operates Vosges Haut-Chocolat retail shops in Chicago, New York City, Beverly Hills and Las Vegas, is currently located on the Northwest Side.  It will maintain 47 jobs and create 35 additional positions after moving to the new location.

Total tax savings over the next 12 years are estimated at $565,000. 

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