Property tax incentives approved today by City Council will support three commercial development projects on the South, Southwest and Near West sides. 

Scannell Properties, 3000 S. Damen Ave.
A Class 6(b) property tax incentive will facilitate the construction of a new 212,000-square-foot package sorting and distribution facility for FedEx Ground operations on the Lower West Side. The $40.1 million project by Scannell Properties will be built on a 41-acre vacant site north of the Stevenson Expressway and bisected by the Damen Avenue viaduct. The proposed complex will be used by FedEx Ground to enhance service capacity in the region. The eastern portion of the site is planned to include a one-story distribution building with 120 loading docks and 8,000-square-feet of office space. The western portion is planned to include a 6.9-acre truck yard and a 450-space parking lot. The project is expected to generate 78 new jobs and 142 positions that will be relocated from other FedEx facilities. The proposal will reduce taxes on the property by $5.5 million over the next 12 years. 

The Class 6(b) tax classification encourages the redevelopment of industrial properties by lowering the Cook County tax rate for eligible projects over a 12-year period.

Raffin Properties Inc., 736 E. 112th St.
Ruffin Properties Inc. will renew a Class 6(b) property tax incentive to support the continued occupancy of a 60,000-square-foot commercial building and adjacent parking lot by Comcast Corp. on the Far South Side. The estimated $279,000 in tax savings over the 12-year period will support the retention of 160 Comcast office and service technician jobs and 55 jobs with another tenant. The original 6(b) supported the $790,000 construction of a permeable pavement parking lot for Comcast’s cable trucks and service center employees.  

Halsted-Lumber Street LLC, 2310 S. Halsted St.
A Class 6(b) incentive will support the $10.8 million recently completed construction of a 55,000-square-foot refrigerated warehouse in the Pilsen Industrial Corridor by Halsted-Lumber Street LLC on behalf of Truong Enterprises, an affiliated company that specializes in the distribution of Asian fruits and vegetables. The estimated $767,000 in tax savings over the 12-year incentive period will support the addition of 12 new jobs and the retention of 53 positions. 

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