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MegadealsSubsidy Tracker Individual Entry
Company: Chicago Neighborhood Initiative
Parent Company:
Subsidy Source: local
Location: Illinois
City: Chicago
County: Cook
Address: 10700 S Doty Av East
Project Description: Chicago Neighborhood Initiatives, Inc. is requesting TIF funds in the amount of $3,355,000 for site preparation work for a 6.2 acre parcel to be conveyed to Gotham Greens. CNI would complete site grading, install environmental engineered barrier and utilities then sell the property to Gotham for $875,000. Gotham would then complete the vertical construction of an approximately 105,000 sq. ft. indoor, urban agricultural facility (greenhouse). Total project costs anticipated at $12.65 million. Gotham currently employs 50 people at its 75,000 sq. ft. Method location and expected to create 60 full time jobs at this location. Approximately 70 construction jobs expected to be created.
Year: 2018
Subsidy Value: $3,355,000
Program Name: Chicago: Tax Increment Financing
Awarding Agency: Chicago Department of Housing and Economic Development
Type of Subsidy: tax increment financing
Capital Investment: $3,675,000
Source of Data:
(click here)
Notes: Subsidy is issued for North Pullman TIF district. Year is year credit approved. Capital investment is total project cost.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.