Type: News
Date: 06/07/2024

Taft Land Use Team Secures Historic Preservation Incentive Package in Chicago

Taft is pleased to have served as legal counsel to Experiential Capital Group, securing approvals for a $10 million incentive package from the City of Chicago. The incentives include the Class L Property Tax designation and an Adopt-a-Landmark grant. These measures will support the historic rehabilitation and reactivation of the long-vacant and dormant Mid-City National Bank building, a designated Chicago Landmark, into a boutique, neighborhood-based hotel.

The Taft team was led by Chicago Partner Liz Butler.

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