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Council committee backs incentive package for CI Select’s move to Cortex; bill gets due‑pass recommendation
Summary
Alderman Browning introduced Board Bill 83 to reimburse 50% of sales tax (that would flow to the Cortex TIF) into a comptroller‑controlled account to reimburse CI Select for build‑out at 42 Lequete Avenue; the committee gave a due‑pass recommendation by a 6–0 vote.
The committee considered Board Bill 83, an economic development incentive to encourage CI Select to relocate its showroom and offices to 42 Lequete Avenue (the Old Carriage Works building in the Cortex TIF district).
Alderman Browning described the proposal as a sales‑tax reimbursement structure that would direct 50% of otherwise‑collected sales tax (the portion that would go to the Cortex TIF) into an…
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