City Kicks In to Build MillerCoors HQ
TIF to cover 27 percent of renovation costs
Published at 12:42 PM CDT on Mar 11, 2009 | Updated at 5:05 PM CDT on Mar 12, 2009
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.