MAR 17, 2021
Tax incentive to rehab Bridgeport warehouse gets OK; home business ordinance stalls
Aldermen on Tuesday gave their OK to a class 6(b) tax incentive that would help a developer rehab an “industrial loft building” in the 11th Ward and lease it out to 11 other small businesses.
The application for the tax incentive (O2021-752) comes from Delaware-based Tara Management Co., who plans to lease the building at 1100 W. 37th St. to Bubbly Dynamics, operator of The Plant business incubator in Back of the Yards, who in turn would sublease out the rehabbed space to 11 small businesses, John Edel, president of Bubbly Dynamics, told aldermen Tuesday.
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