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Maywood trustees back Class 6B incentive for proposed 79,869 sq. ft. development and approve façade grant expenditure
Summary
On May 4, 2021 the Maywood Board of Trustees approved a Class 6B tax incentive for a proposed 79,869-square-foot facility at 1900 South Maywood, reviewed TIF performance and authorized a TIF-funded façade improvement at 100 West Madison Street; trustees also agreed to suspend new façade program applications pending ordinance review.
The Village of Maywood Board of Trustees on May 4 approved a Class 6B tax incentive for a proposed 79,869-square-foot development at 1900 South Maywood after a presentation from the project architect and legal representatives.
Architect Jacob Karmol and attorney Peter Tsantilis outlined the proposal; Mark Rogers of Liston & Tsantilis described anticipated economic benefits and employment opportunities tied to the new construction and substantial rehabilitation request. Trustee Booker moved to approve the tax incentive; Trustee Sanchez…
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