The development of a $17.5 million speculative industrial building in South Lawndale would be supported through a property tax incentive introduced today to City Council by Mayor Rahm Emanuel.

The Class 6(b) incentive for 2445 S. Rockwell LLC would support the construction of a 174,000-square-foot manufacturing and warehouse complex on a vacant, 8.2-acre site at Lumber and Rockwell streets. The building, designed to include 18 dock doors, two drive-in doors, and 36 trailer parking spaces, is expected to generate 100 construction jobs and 100 permanent jobs when fully occupied.

Tax savings over the 12-year incentive period are estimated at $2.2 million.

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