This decision supports the Class 6(b) tax incentive for the property located at 1474 W Hubbard St in Chicago. The City Council passed the final decision on September 18, 2024, following its introduction on July 17, 2024. The Class 6(b) incentive is designed to reduce the assessed value of the property, encouraging industrial development and investment at this location.
This tax incentive will help promote industrial development and job creation at 1474 W Hubbard St, contributing to the city's economic growth and revitalization efforts.