Property tax incentives introduced to City Council today by Mayor Rahm Emanuel would support the construction of a truck warehouse in South Deering and the revitalization of a vacant industrial complex in North Center.
“These projects will support new investment, strengthen our economy and create new job opportunities for residents,” Mayor Emanuel said.

Adelman’s Truck and Equipment Corp.
A Class 6(b) tax incentive would help Adelman’s Truck and Equipment Corp. construct a 24,500-square-foot warehouse and office building at 3033 E. 106th St.

The company, which currently occupies a 6,000-square-foot building on site, would invest $2.5 million to the build the larger structure for the sale of its heavy duty trucks, trailers and related parts and equipment. The new building would be situated on 10-acres of land along the Calumet River. After construction and landscaping are complete, the company would gradually add 24 jobs to its four-person workforce.

The incentive would lower Adelman’s property tax rate for the next 12 years, resulting in $162,000 in savings over the period.

Vosges Ltd.
A Class 6(b) would also help facilitate a $7.7 million expansion and rehabilitation project by Vosges Ltd. at 2900 N. Oakley Ave. , where the specialty chocolate maker would purchase and renovate a vacant, 42,400-square-foot building for new manufacturing, office and warehouse space.

The company, which operates Vosges Haut-Chocolat retail shops in Chicago, New York City, Beverly Hills and Las Vegas, is currently located on the Northwest Side. It would maintain 47 jobs and create 35 more after moving to the new location.

Total tax savings over the next 12 years are estimated at $565,000.

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