The purpose of this chapter is to mitigate the loss of industrial land and facilities in conversion areas by generating funds for investment in receiving corridors in order to preserve and enhance the city's industrial base, support new and expanding industrial uses, and ensure a stable future for manufacturing and industrial employment in Chicago. The legislative intent of this chapter is to promote the city's vital interests in job creation and a diversified economy.
(Added Coun. J. 7-26-17, p. 53898, § 1)