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Lightfoot Proposes Tax Incentive for Discover Call Center in Chatham
The adaptive re-use of a vacant Chatham department store as a 1,000-job Discover customer care center will be furthered by a property tax incentive introduced to City Council recently by Mayor Lori Lightfoot. The incentive will support DL3 Chatham LLC’s acquisition and renovation of a 127,000-square-foot, former Target store as a customer care center for Discover Financial Services.
The $45-million project was announced this past March as Discover committed to opening a customer care center in this South Side neighborhood. The Cook County Class 7(b) tax incentive will reduce property taxes on the site by approximately $2.48 million over the next 12 years.
With about 5,000 square feet set aside for community use, the call center is expected to be fully operational by the end of this year. DL3 Realty acquired the former Target in 2019, soon after Target closed its doors at that location.
- ◦Financing
- ◦Policy/Gov't
