The 12-hospital system’s move involves relocating about 100 employees from Mokena and 100 from Chicago’s northwest side. Presence is expected to ask for tax increment financing assistance for the move.
A statement from the office of Chicago Mayor Rahm Emanuel said if Presence does apply for a TIF, “it will be run through the full process that these applications go through, which includes a full economic development assessment and many other evaluations,” according to the report.
A Presence spokesperson said the system plans to file the TIF application this week seeking up to $8 million in assistance on a planned $40 million investment in the city, according to the report.
The address of Presence’s new headquarters will be 200 S. Wacker Drive. The move is expected to be completed in fall 2013.
More Articles on Health System Headquarters:
Carolinas HealthCare System Opens Levine Cancer Institute’s Research, Administrative Headquarters
Sisters of Charity of Leavenworth Moves Headquarters to Denver
Adventist HealthCare to Move Headquarters in 2013
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.