A property tax incentive introduced to City Council today by Mayor Rahm Emanuel would support the continued operation of the Chicago Manufacturing Campus, which provides parts for Ford Motor Company’s Torrence Avenue assembly plant in Hegewisch.
The Class 6(b) incentive would lower taxes on the four-building complex by an estimated $12 million over the next 12 years. Available through Cook County, the incentive would renew an earlier Class 6(b) incentive that secured the development of the complex in 2003 through a joint venture between Ford and Chicago Manufacturing Campus LLC.
Located near 130th Street and Torrence, the 1.6 million-square-foot facility currently houses four companies that employ approximately 1,500 workers.
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