Subsidy 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
Notes: 

Subsidy is issued for Fullerton/Milwaukee TIF district. Year is year credit approved. Capital investment is total project cost.

Source Notes: 
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