BLUE BAYOU
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- Nov 15, 2002
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July 16, 2006 United Airlines said on Saturday that it is moving its headquarters and 350 employees from a Chicago suburb to the city's downtown district in early 2007.
United Airlines, a unit of UAL that emerged from three years of bankruptcy on February 1, also will consolidate several facilities at its current headquarters in Elk Grove Township, near Chicago's O'Hare International Airport.
Under the agreement, United is receiving USD$5.25 million in tax increment financing from the city of Chicago and USD$1.35 million in grants from the Illinois Department of Commerce and Economic Opportunity for infrastructure improvements and job training, according to a news release.
In addition, both the city and the state will propose legislation to cap the jet fuel tax for the next five years.
The new headquarters will be at 77 W. Wacker Drive, the airline said.
United Airlines had said earlier this year it might move its headquarters to its hubs in Denver or San Francisco.
(Reuters)
I thought their HQ was in Chicago? Not close enough I guess. Look at the great incentives they received, good for them... I wonder how much Mayor Daley is going to get contributed to his campaign fund?
United Airlines, a unit of UAL that emerged from three years of bankruptcy on February 1, also will consolidate several facilities at its current headquarters in Elk Grove Township, near Chicago's O'Hare International Airport.
Under the agreement, United is receiving USD$5.25 million in tax increment financing from the city of Chicago and USD$1.35 million in grants from the Illinois Department of Commerce and Economic Opportunity for infrastructure improvements and job training, according to a news release.
In addition, both the city and the state will propose legislation to cap the jet fuel tax for the next five years.
The new headquarters will be at 77 W. Wacker Drive, the airline said.
United Airlines had said earlier this year it might move its headquarters to its hubs in Denver or San Francisco.
(Reuters)
I thought their HQ was in Chicago? Not close enough I guess. Look at the great incentives they received, good for them... I wonder how much Mayor Daley is going to get contributed to his campaign fund?
