Willis Wants Sears Tower Tax Break Too - NBC Chicago

Willis Wants Sears Tower Tax Break Too

Willis Group Holdings wants TIF money as encore to name change



    Willis Wants Sears Tower Tax Break Too
    Getty Images
    After changing the name of Sears Tower, Willis is also asking for a tax break.

    First they changed the name and now they want a tax break. Really?!?

    Willis Group Holdings Ltd., the insurance brokerage folks across the pond who are moving into the city's beloved Sears Tower, are now asking for a $3.8-million handout to cover costs of moving into their new digs, according to Crain's.

    It didn't take long for the London-based company to figure out how to take advantage of Chicago's tax increment financing (TIF) program, did it?  

    A New York-based Willis spokesman told Crain's he knew the company had requested a subsidy, but didn’t have details.

    In March, Willis announced it would be moving 500 employees into more than 140,000 square feet of the 110-story building much to the frustration of those who found the name change offensive to local sensibilities.