$192M for O'Hare

If the City Council approves, a new $192M Northeast Cargo Center will be developed at O’Hare International Airport by Aeroterm whose EVP Erin Gruver (second from left) was with Mayor Rahm Emanuel, commissioner of aviation Rosemary Andolino and alderman Michael R. Zalewski for the Monday announcement. Aeroterm will invest $130M and the airport $62M for the project. The new facility will increase cargo operations and make O'Hare even more competitive worldwide.The City says the new facility will create 1,200 construction jobs, 1,200 permanent jobs on-site, 10,000 jobs in the region and further Chicago’s position as a leading US gateway for exports to China. Aeroterm will also create a program to train students for aviation industry careers.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

Energy Company Opens 125K SF Newton Office: The Boston Deal Sheet

Simon Approaching End Of The Road With Struggling Suburban Boston Mall

California Investor Scoops Up Amazon Warehouse: The Chicago Deal Sheet

How Crystal Lake 'Connects The Dots' To Building Complete Community

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Wu Proposes Tax Breaks To Jump-Start Stalled Housing Projects

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Taconic Partners Sheds Another NYC Life Sciences Property

Judge Dismisses Suit Alleging Alexandria Misled Investors Over Portfolio Strength

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

New Occupiers And More VC Money Fuel UK Life Sciences Rebirth