United moving to Loop

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No opinion about this move. Though did the City of Chicago really need to pay United not to move?

Reflecting upon uncertain future
(photo taken of an exterior sconce of 77 W Wacker aka the R.R. Donnelley building)

It's official: United moving to Loop
United Airlines announced Saturday that the company will make a downtown Chicago building its new headquarters site...

United said Saturday that it will move into the former R.R. Donnelley & Sons Co. building overlooking the Chicago River at 77 W. Wacker Drive in early 2007.
...
City and state officials offered United incentives as part of the headquarters search. United will get $5.25 million in tax increment financing from the city and $1.35 million in grants from the Illinois Department of Commerce and Economic Opportunity for infrastructure improvements and job training, the company said at a news conference announcing the move.

Also, both the city and state will propose legislation to cap the jet fuel tax for the next five years -- which could potentially save millions of dollars for carriers at O'Hare.

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1 Comment

My impression is that United is somewhere not very cool right now. The Loop is très cool. Even with all of its problems, I like United and fly United, hoping they axe the top cats and become profitable without taking more blood from us, frequent flyers.

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This page contains a single entry by Seth A. published on July 15, 2006 11:02 AM.

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