Committee on Economic, Capital and Technology Development meeting, November 10, 2025
- When: Mon, Nov 10, 2025, 12:00 PM (Chicago time)
- Where: 201A, 2nd Floor, City Hall, 121 North LaSalle Street - Chicago, IL 60602
- Status: Recessed
- Committee: Committee on Economic, Capital and Technology Development
- Video: https://vimeo.com/manage/videos/1135430069
- Transcript: full text (7,686 words, automatic captions)
Meeting notes
AI-written from the transcript. Speakers are inferred from cues in the recording, so treat names as estimates and check the video at the linked time.
The Committee on Economic, Capital and Technology Development approved its October 2025 monthly report and recommended passage of 2026 budget, scope of services and management ordinances for dozens of special service areas, including a term extension and boundary expansion for SSA 27 Lakeview. At the Department of Planning and Development's request, the ordinances for SSA 3 and SSA 59-2022 were deferred after a lack of aldermanic consensus and objections raised about the service provider. The committee recommended passage of a Class 6(b) tax incentive renewal for 4000 South Racine and Class L incentives for the Field Building at 135 South LaSalle and for 1032 West Fulton, after questions about minority business participation plans. The meeting was recessed until November 12 for a subject matter hearing on the proposed Capital Improvement Program.
Topics: special service areas, SSA budgets, SSA service providers, Class 6(b) tax incentive, Class L tax incentive, LaSalle Corridor, MBE/WBE participation, historic preservation, job creation
Agenda items discussed
- 9:08 October 2025 monthly report: passed
- 9:40 Substitute ordinance for SSA 2 Belmont Central scope of services and budget: passed
- 10:10 SSA scope of services, budget and management ordinances (items 2-22) and SSA 27 Lakeview term extension and boundary expansion (item 23): passed
- 18:37 SSA 3 (63rd Street) and SSA 59-2022 budget ordinances: deferred
- 18:52 Directly introduced SSA scope of services, budget and management ordinances (items 25-50): passed
- 20:39 Class 6(b) tax incentive renewal and redevelopment agreement for 4000 South Racine: passed
- 31:51 Class L tax incentive for the Field Building, 135 South LaSalle Street: passed
- 46:56 Class L tax incentive and redevelopment agreement for 1032 West Fulton: passed
- 55:39 Recess for subject matter hearing on the proposed 2025-2029 Capital Improvement Program
Alderpersons who spoke
- Gilbert Villegas (chair): Said the SSA 3 and SSA 59 items were being held and that Alderpersons Lopez and Coleman could work with DPD on a path forward. (17:02); Noted an ordinance he and Alderperson Gregory I. Mitchell worked on allowing DPD to claw back incentives if participation goals are not met and offered to have the developer submit a plan. (41:37); Asked the applicant's attorney to submit the utilization plan through the chair once it is formulated. (45:46)
- Raymond A. Lopez (alderperson): Stated that he and Alderperson Stephanie D. Coleman object to the SSA 3 and SSA 59 service provider over its lack of connection with their offices and community and said he would have moved to defer. (16:09)
- Scott Waguespack (alderperson): Requested information on any SSA annual budget carryovers over the past three years and what they were used for. (17:21)
- Anthony V. Napolitano (alderperson): Asked the size of the Class 6(b) tax savings, how it would be used and how many people the company employs. (27:04); Said he was glad the company chose to grow and bring jobs in Chicago. (30:35)
- Nicole T. Lee (alderperson): Described National Safety Apparel's long-tenured workforce from her community and investment in the facility and asked for favorable consideration of the renewal. (28:17)
- Gregory I. Mitchell (alderperson): Said he had not seen the minority business participation plan he requested for the Field Building project and asked about ownership shares. (37:46); Suggested the developers should not object to holding the Class L until a participation plan is seen, citing frustration with unmet commitments on TIF projects. (40:10); Said he would not move to hold the item out of respect for the ward's alderperson but asked developers to be more forthcoming with progress on participation plans. (44:28)
Exchanges between members
- 16:09 Alderperson Raymond A. Lopez told the chair there were objections to the SSA 3 and SSA 59 items rather than non-objection.
- 17:02 The chair responded to Alderperson Raymond A. Lopez that the items were being held so he and Alderperson Stephanie D. Coleman could work with DPD.
- 41:37 The chair responded to Alderperson Gregory I. Mitchell by noting their joint clawback ordinance and offering to have the developer submit a plan.
- 44:23 Alderperson Gregory I. Mitchell thanked the chair and said he would not move to hold the item.