This decision involves the support of a Class 6(b) tax incentive for the property at 2515-2561 W Taylor St in Chicago. The tax incentive is designed to reduce the assessed value of the property, promoting industrial development and investment. The City Council passed the final decision on October 9, 2024, following its introduction on September 18, 2024.
This tax incentive encourages industrial development at these properties, contributing to job creation and economic growth in the area.