Committee on Economic, Capital and Technology Development - 2026-03-12
Meeting Intelligence Preview
Meeting Summary
The Committee on Economic, Capital and Technology Development approved a Class L property tax incentive for 30 North LaSalle Street, a 44-story office-to-residential conversion project receiving $47.2 million in tax abatement plus $57 million in TIF funding.
Key Decisions (4)
Class L Tax Incentive at 30 North LaSalle Street
Class 6b Tax Incentive Renewal at 501 North Sacramento Boulevard
February 2026 Monthly Report
Special Service Area Appointments and Reappointments
Development Activity (2)
30 North LaSalle Street Conversion
Mixed-Use
501 North Sacramento Industrial Facility Improvements
Industrial
Market Signals (5)
Commercial Demand
Downtown Chicago office buildings experiencing significant vacancy with 30 North…
Housing Demand
Six office-to-residential conversion projects have received TIF or tax incentive…
Infrastructure
City has approximately $1 billion in housing bond authority that…
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