City officials say the property is worth $3 million, makingtheir financial assistance worth $1.8 million. The mailing anddistribution center, which will be followed by a die-cutting andbinding facility, will keep 140 jobs in Chicago with the potentialof adding 60.

The city received no alternate proposals when it advertised itsintent to enter into a development deal with Wicklander PrintingCampus Partnership.

In addition to city council approval, the sale is subject toWicklander Printing Campus Partnership and the department ofplanning and development signing a redevelopment agreement.

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