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IDA approves $10.1 million tax‑reduction pilot for DePaul Columbia Square LP

5704776 · August 21, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The agency approved a final resolution granting a 32‑year real property tax reduction to DePaul Columbia Square LP, a deviation from the agency's uniform tax exemption policy; a public hearing had no comments.

The Industrial Development Agency approved a final authorizing resolution granting financial assistance to DePaul Columbia Square LP consisting of a 32‑year real property tax reduction valued in the staff presentation at $10,143,535.

Agency staff told the…

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