City Kicks In to Build MillerCoors HQ
TIF to cover 27 percent of renovation costs
Thursday, Mar 12, 2009 | Updated 5:05 PM CDT
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“Not only did Chicago get chosen over Dallas, Tex.," said Christine Ragusa, the city’s acting commissioner of the department of community development, "but our city stands to benefit from the jobs this company will bring."
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The city approved $6 million in tax-increment financing for beermaker MillerCoors LLC’s new Chicago headquarters, Crain's is reporting.
The facility is expected to employ more than 300 people.
The city’s subsidy, which won approval Tuesday, will provide 27.5 percent of the estimated $21.8 million that MillerCoors will spend to renovate its new headquarters at 250 S. Wacker Drive.
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