Project Description
Bus Service Facility
4410 S. Racine Avenue Chicago, IL (Cook County)
- Obtained tax savings & refunds of more than $530,000 over 8-year period.
- Differentiated this special-use facility from typical industrial buildings in the area.
Nikos Tsonis was retained to evaluate and appeal the assessment of the 20,000 SF industrial bus service building used by Coach USA.
Nikos identified that this facility – although superior to typical industrial buildings – needed to be compared to other special-use facilities in the area, and the 2015 assessment was reduced by over 45%.
Nikos obtained refunds for 2010-2014 totaling $290,000 and reduced the property’s taxes in the 2015-2017 triennial period by more than $240,000.