Thursday, September 10, 2009

Chicago to give UAL an extra $10M to move

Crain's reports: The Daley administration is coughing up an additional $10 million to entice the parent of United Airlines to move its operations center downtown from the northwest suburbs, boosting the total subsidy to nearly $36 million. A $10-million grant comes on top of a tax-increment financing subsidy of roughly $25 million that city officials disclosed earlier this month when they announced UAL Corp.'s decision to move 2,500 jobs from Elk Grove Township to Willis Tower, 233 S. Wacker Drive. Full story