Support of Class L Tax incentive with 30 North LaSalle Owner LLC for property at 30 N LaSalle St

Votes › Economic, Capital and Technology Development

• Record number: O2026-0023781
• Type: Ordinance; category: Tax Incentives
• Status: Final
• Sponsor: Dept./Agency
• Committee: Committee on Economic, Capital and Technology Development
• Introduction Date: Mar 12, 2026
• Final Action Date: May 20, 2026
• Official record: Office of the City Clerk

Roll call: Passed May 20, 2026

50 yea, 0 nay. On motion of Alderperson Curtis, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed. Voted at the City Council meeting of May 20, 2026.

Yea (50): Daniel La Spata (1), Brian Hopkins (2), Pat Dowell (3), Lamont J. Robinson (4), Desmon C. Yancy (5), William E. Hall (6), Gregory I. Mitchell (7), Michelle A. Harris (8), Anthony Beale (9), Peter Chico (10), Nicole T. Lee (11), Julia M. Ramirez (12), Marty Quinn (13), Jeylú B. Gutiérrez (14), Raymond A. Lopez (15), Stephanie D. Coleman (16), David H. Moore (17), Derrick G. Curtis (18), Matthew J. O'Shea (19), Jeanette B. Taylor (20), Ronnie L. Mosley (21), Michael D. Rodriguez (22), Silvana Tabares (23), Monique L. Scott (24), Byron Sigcho-López (25), Jessica L. Fuentes (26), Walter R. Burnett (27), Jason C. Ervin (28), Chris Taliaferro (29), Ruth Cruz (30), Felix Cardona Jr. (31), Scott Waguespack (32), Rossana Rodríguez Sánchez (33), William Conway (34), Anthony J. Quezada (35), Gilbert Villegas (36), Emma Mitts (37), Nicholas Sposato (38), Samantha Nugent (39), Andre Vasquez Jr. (40), Anthony V. Napolitano (41), Brendan Reilly (42), Timothy R. Knudsen (43), Bennett R. Lawson (44), James M. Gardiner (45), Angela Clay (46), Matthew J. Martin (47), Leni Manaa-Hoppenworth (48), Maria E. Hadden (49), Debra L. Silverstein (50)

Plain-language summary

Written by AI (claude-opus-5-5) from the ordinance text only: O2026-0023781 Ordinance and Exhibit 1.pdf. AI can make mistakes; the official document always wins.

This ordinance says the City of Chicago supports a Cook County Class L property tax break for part of the historic building at 30 N. LaSalle Street. The owner, 30 North LaSalle Owner LLC, plans to rehabilitate the ground floor portions and floors 19 through 44 for office and retail use. The City's support depends on the work being finished as approved, with completion expected by July 1, 2029.

• The City states the Class L tax incentive is necessary to rehabilitate the project area (parts of the ground floor and floors 19-44).
• The Commission on Chicago Landmarks recommended the project on December 4, 2025; the City Council is expected to name the building a Chicago Landmark in 2026.
• Support can be withdrawn if the property is not rehabilitated, used, or maintained as approved, or if the property is sold or ownership changes (over 7.5%) before final approval.
• The City encourages goals of 26% minority-owned and 6% women-owned business participation and 50% city resident hiring; the owner must report these to a City Council committee.
• No City permit fee waivers will be given for the project, and the tax break would not apply to any future residential portion of the building.

Who: The building owner, 30 North LaSalle Owner LLC, would receive the tax incentive, and minority- and women-owned businesses and city residents may be affected by contracting and hiring goals.

Where: 30 N. LaSalle Street, Chicago

Timeline

• Mar 12, 2026: Recommended to Pass, Committee on Economic, Capital and Technology Development. The matter was recommended to Pass by controlling legislative body.
• May 20, 2026: Passed, City Council (50 yea, 0 nay), at the City Council meeting. On motion of Alderperson Curtis, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed.

Documents

• O2026-0023781 Exhibit 2 with subexhibits A and B.pdf (Exhibits)
• O2026-0023781 Ordinance and Exhibit 1.pdf (Legislation)
• O2026-0023781 EDS_Redacted.pdf (EDS)

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More on Tax Incentives

• Support of Class L Tax incentive for property at 2 N Riverside Plz (O2026-0026380, introduced Jun 17, 2026, Passed)
• Support of Class L Tax incentive with 30 North LaSalle Owner LLC for property at 30 N LaSalle St (O2026-0023319, introduced Feb 18, 2026, Referred)
• Support of Class L Tax incentive for portions of building at 135 S LaSalle St for renovation as commercial space (O2025-0020534, introduced Oct 16, 2025, Passed)

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