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Calumet Area Industrial Commission to host assessor for virtual event on industrial real estate

Calumet Area Industrial Commission to host assessor for virtual event on industrial real estate

Calumet Area Industrial Commission to host assessor for virtual event on industrial real estate

David Holmberg, environmental, health and safety specialist with the Calumet Area Industrial Commission, gives a presentation on heat stress at ArcelorMittal in Riverdale in this file photo.

The Calumet Area Industrial Commission will host Cook County Assessor Fitz Kaegi for a talk on how industrial real estate is being assessed.

The bi-state business group, whose members include ArcelorMittal, Ford, Ozinga, Calumet City Plumbing and First Midwest Bank, is teaming up with the Bedford Park Clearing Industrial Association to host the virtual seminar at 11:30 a.m. Thursday. Kaegi will give a presentation and take questions from the audience on the assessment of industrial property.

“Manufacturers and industrial users are extremely concerned about carrying the burden of taxation for Cook County,” said Ted Stalnos, president of CAIC.

Dating back to 1967, the CAIC is a nonprofit representing manufacturing, transportation and logistics companies across the Calumet Region, including on the far south side of Chicago, Chicago's south suburbs and Northwest Indiana. More than 150 companies employing thousands of workers and contributing millions of dollars to the regional economy participate in the group.

Anyone interested in watching the event should contact Beth Dybala at 773-928-6000, ext. 224.

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Joseph S. Pete is a Lisagor Award-winning business reporter who covers steel, industry, unions, the ports, retail, banking and more. The Indiana University grad has been with The Times since 2013 and blogs about craft beer, culture and the military.

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Ford lost $1.9 billion, supplier Lear $294 million, ArcelorMittal $559 million, U.S. Steel $589 million, and BP a whopping, eye-popping $16.8 billion in the second quarter after COVID-19 greatly disrupted daily life and the economy. Ford and Lear temporarily closed their plants in Hegewisch, Chicago Heights, and Hammond. ArcelorMittal and U.S. Steel temporarily laid off hundreds of workers in Northwest Indiana as demand dried up overnight, and BP is now proposing job cuts at the BP Whiting Refinery on the Lake Michigan lakefront.

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