The development of Gotham Green’s 100,000-square-foot commercial greenhouse in Pullman would be supported through a Tax Increment Financing (TIF) proposal introduced today to City Council by Mayor Emanuel.
TIF assistance up to $3.4 million would help pay for site preparation work, including clearing, grading, environmental and infrastructure improvements.
The 6.2-acre project site near 107th Street and Doty Avenue was occupied by a Ryerson Steel factory until 2008. The site work would be performed by its current owner, Chicago Neighborhood Initiative, which would subsequently sell it to Gotham Greens for vertical construction.
The glass-roofed greenhouse would employ about 60 workers upon completion, with potential for a future, 40,000-square-foot expansion. The $12.5 million project is planned to produce premium quality vegetables and herbs year-round for retailers, restaurants and institutional customers across the region.
Founded in 2011, the New York-based company operates a commercial-scale rooftop greenhouse atop Pullman’s Method Products factory.
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