TIF Will Finance Red Cross Blood Center on Near West Side
The American Red Cross will reconfigure its Illinois Medical District headquarters for expanded blood distribution and collection purposes through a Tax Increment Financing (TIF) measure approved today by City Council.
TIF assistance in the amount of $500,000 will help the Red Cross reconfigure its 58,800-square-foot facility at 2200 W. Harrison St. for modern blood processing, refrigeration and distribution activities.
The $12.1 million project will retain 64 Red Cross employees and create four new permanent jobs.
The Red Cross currently collects, stores and distributes blood within a leased space on the Near West Side.
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