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Burr Ridge board backs Cook County 6b extension for 144 Tower Drive after late filing
Summary
The board supported a Cook County Class 6b tax‑incentive extension for 144 Tower Drive, citing tenant retention and a $750,000 planned investment by the owner; trustees questioned the late timing and precedent but approved a supporting resolution 4–0.
The Burr Ridge Board of Trustees voted 4–0 on July 14 to pass a resolution supporting a Cook County Class 6b property‑tax incentive extension for 144 Tower Drive, a commercial property on the Cook County side of the village.
Evan (village staff) explained that a Class 6b classification is a Cook County incentive intended to encourage industrial development by lowering the assessment (staff described the mechanism as reducing assessment from 25% to 10% and producing an effective property‑tax reduction of roughly 60%…
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