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MegadealsSubsidy Tracker Individual Entry
Company: Palmet Venture, LLC
Parent Company:
Subsidy Source: local
Location: Illinois
City: Chicago
County: Cook
Address: 2100 N Milwaukee Av
Project Description: Located in the Logan Square neighborhood in the 1st Ward, the New Congress Theater is a 92,000 square foot historic rehabilitation/renovation project. The project will renovate the historic theater to create a modern live music venue, as well as renovate the street level retail and turn old apartments into a boutique hotel and new affordable housing.
Year: 2018
Subsidy Value: $9,650,000
Program Name: Chicago: Tax Increment Financing
Awarding Agency: Chicago Department of Housing and Economic Development
Type of Subsidy: tax increment financing
Capital Investment: $69,241,050
Source of Data:
(click here)
Notes: Subsidy is issued for Fullerton/Milwaukee 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.