Property Tax Incentive Proposed for West Town Manufacturer

A landscape décor company would utilize a Cook County Class 6(b) property tax incentive proposed to City Council today for a planned construction project in West Town.

IGS HQ LLC would use the incentive for a planned $2 million acquisition and renovation at 1474 W. Hubbard St. that would provide 13,500 square feet for décor-related manufacturing and storage space. The incentive would 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.