The Prepare dinner County Board final week authorised a 6b property tax incentive for GC Web Lease Buyers LLC for an industrial constructing at 1455 Shure Drive in Arlington Heights that’s being utilized by Amazon.
The village board authorised the tax break for the then vacant 215,000-square-foot constructing in April. It permits the property to be assessed at decrease ranges over the course of a dozen years. The constructing serves as a common bundle supply distribution middle.
A venture description final spring listed $4.Four million in constructing upgrades and mentioned the positioning would have 181 supply drivers, 130 part-time bundle handlers and 30 administration workers. “Our tax incentives are used to both preserve or develop companies in Prepare dinner County,” Prepare dinner County Board President Toni Preckwinkle mentioned in a information launch. “They’re a dependable instrument to retain jobs and produce vacant buildings again into use, which promotes financial development.”
— to www.dailyherald.com
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