Property tax incentives approved by City Council today will support four industrial and commercial development projects on the West and Southwest sides.

The Will Group, 825 S. Kilpatrick Ave.
A Class 6(b) incentive will enable the development of a $6.7 million electrical equipment production facility in Austin. The 60,000-square-foot facility will be built and operated by The Will Group to manufacture smart LED light fixtures, solar panels, transformers, and other electrical products for utilities, government agencies, and private clients. The estimated $468,000 in property tax savings over the 12-year incentive period will support the creation of up to 35 permanent positions and 58 construction jobs. The vacant, 3.3-acre site within the Roosevelt Cicero Industrial Corridor was sold by the City for $333,000 in a deal approved by City Council in 2019.

The Cook County Class 6(b) incentive encourages industrial investment by providing reduced property tax rates for qualifying rehabilitation and construction projects.

Chicago Anodizing Co., 4118-38 W. Lake St.
A Class 6(b) incentive will help Chicago Anodizing Co. construct an approximately 21,000-square-foot addition to an existing building at 4112 W. Lake St. in the Northwest Industrial Corridor. The $2.2 million project includes expanded warehouse and office space to increase operational efficiencies for anodizing operations that apply protective coatings to aluminum products. The estimated $172,000 in tax savings over the 12-year incentive period will support the retention of 60 and the creation of six full-time jobs.

Marina Crossing JV LLC, 2075 W. 43rd St.
A Class 6(b) tax incentive will support the recently completed construction of a new, 633,000-square-foot industrial building by Marina Crossing JV LLC in New City. The $32 million project is today occupied by two tenants that employ 70 people. The remaining space will be leased to light industrial firms employing up to 220 additional people. Total tax savings over the 12-year incentive period are estimated at $9.8 million.

The GKA Group LLC, 6521 S. Cicero Ave.
A Class 7(a) incentive will facilitate construction of a Culver’s restaurant on .73 acres of vacant land at 6521 S. Cicero Ave. in Clearing. To be developed by the GKA Group LLC, the $1.8 million project will include a 4,000-square-foot building with a dining area, patio, and drive-thru. The estimated $371,000 in tax savings over the five-year incentive period will support the creation of 60 permanent positions and 55 construction jobs. 

The Cook County Class 7(a) incentive encourages commercial real estate investment by providing reduced property tax rates for qualifying projects.

# # #