2014 readers choice results
Article posted: 11/12/2012 1:43 PM

United to repay $5.6M in incentives to Chicago

United Airlines is consolidating its premises at Chicago’s Willis Tower.

United Airlines is consolidating its premises at Chicago's Willis Tower.

 

ASSOCIATED PRESS

 1 of 1 
 
text size: AAA
By Associated Press

Chicago Mayor Rahm Emanuel says United Airlines will repay $5.6 million in tax incentives the company received from Chicago to redevelop its downtown headquarters.

Emanuel's office said Monday that United also will forgo nearly $10 million in additional city grant money because it is leaving the site and consolidating its premises at Willis Tower. United is no longer eligible for that money. Emanuel called United's announcement "an incredible act of corporate citizenship."

Advertisement

United recently extended its lease at the Willis Tower, formerly the Sears Tower, through 2028. The lease includes more than 800,000-square-feet of space in the skyscraper. The company says it will have more than 4,000 employees at Willis Towers by the second quarter of next year.

Comments ()
We are now using Facebook comments to offer a more inclusive, social and constructive discussion. Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.

This article filed under

Business Video
Area Business Calendar

BusinessDirectory

Connect with a business or service in your area fast. First select a town, then enter a search term or choose one of the listed popular searches:

Don't see your town listed? Visit our full directory to begin your search.

MostViewed

Today
Yesterday
Most Commented
Top Jobs

    View all Top Jobs Place a job ad

    DHExtras

       
    • Newspaper next section - Newspaper next section Report card checker - report card checker
    • Dh innovation award 2 - Dh innovation award 2 Zillow /real estate page
    • Discuss refer On Guard series
    • Newspaper archives -- Monday or anyday Mike North

    FacebookActivity