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Skokie board approves resolution to seek Cook County Class 6b tax incentive for Saint Louis Avenue redevelopment
Summary
The Village Board voted to authorize a Cook County Class 6b application for 8110–8130 Saint Louis Ave, clearing a municipal step that would reduce property taxes for up to 12 years to support Grace Packaging's planned $9.25 million redevelopment and a projected 30 new jobs.
The Village of Skokie board voted Aug. 4 to approve a resolution authorizing a Cook County Class 6b real estate tax incentive application for property at 8110–8130 Saint Louis Avenue, a step the developer says is needed for planned redevelopment.
The Class 6b designation would lower assessed value for the property during a 12-year period before returning to normal assessment, Village Manager John Lockerbie told the board. Titus Eppen, identified in the meeting as CEO of Grace Printing and the applicant for…
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