Tax Incentive Approved for North Park School Bus Complex

November 15, 2023

Department of Planning and Development    312.744.9267

The recent $820,000 renovation of a school bus facility in North Park will be supported through a Cook County Class 6(b) property tax incentive approved by City Council today.

The Infinity Operations project at 5740 N. Tripp Ave. included a partial demolition and renovation of a 75,000-square-foot industrial building for use by Compass Transportation, which provides bus transportation for local students. Infinity purchased the vacant structure in September 2021 for $4.2 million.

The incentive will reduce taxes on the property by $781,000 over the next 12 years.

The Class 6(b) incentive encourages the redevelopment and rehabilitation of underutilized commercial and industrial properties.


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