Tax Incentive Proposed for North Lawndale Industrial Complex
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A former illegal dump in North Lawndale would redeveloped as a $71.3 million industrial complex through a Cook County Class 6(b) property tax incentive proposed to City Council today by Mayor Brandon Johnson.
The 21-acre property at 4300 W. Roosevelt Road is planned by 548 Development and Related Midwest for two 181,760-square-foot industrial buildings and two 5,000-square-foot "innovation centers.”
Valued at $7.7 million over its 12-year term, the tax incentive would help create 250 full-time jobs and 125 construction jobs. The project was previously approved by City Council for up to $8 million in Tax Increment Financing (TIF) assistance.
The site’s use as an illegal dump in the 1990s led to the conviction of multiple public officials.
The Class 6(b) property tax incentive is intended to encourage industrial development in areas in need of revitalization.