Tax Incentive Approved for O’Hare Industrial Facility
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A $52.3 million industrial facility at O’Hare International Airport will receive a Cook County Class 6(b) property tax incentive following approval from City Council today.
Aero Chicago II constructed a 132,394-square-foot facility at 838 Patton Drive in 2023. Now leased by Worldwide Flight Services, the project created 125 full-time jobs and 200 construction jobs.
The incentive is valued at $2.7 million over its 12-year term.
The Class 6(b) property tax incentive is intended to encourage industrial development in areas in need of revitalization.