City panel OKs $98 million LaSalle Street TIF subsidy

Published on
November 12, 2024

The Chicago Community Development Commission today approved the tax-increment financing money for a $241 million redevelopment of the landmark tower at 135 S. LaSalle St. The proposal for the former Bank of America office building from a joint venture of Chicago-based developers Riverside Investment & Development and DL3 Realty and New York-based AmTrust RE is the fifth and largest project to emerge from the LaSalle Street Reimagined program launched in 2022 by former Mayor Lori Lightfoot.

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