West Belmont, L.L.C. v. City of Chicago

PRESIDING JUSTICE WOLFSON

delivered the opinion of the court:

In an attempt to stimulate economic growth and neighborhood revitalization, the Chicago city council enacted a transfer tax exemption for real property “used primarily for commercial or industrial purposes.”

The plaintiff, West Belmont, L.L.C. (West Belmont), purchased property at 1711-1717 West Belmont Avenue in order to develop and build residential townhomes. West Belmont was denied a real property transfer tax exemption by the City of Chicago (the City) because the property was not “used primarily for commercial or industrial…