Sign in Subscribe
Telecommunications systems

Lucent Technologies to Expand Facilities in Naperville and Lisle

Strategic Insights

— 1 min read

Lucent Technologies, a leading telecommunications company, is poised to announce the expansion of its facilities in Naperville and Lisle, according to sources. The plans, which could be announced as early as today, include the construction of at least two 600,000-square-foot office and laboratory buildings, along with four parking decks. Each building is estimated to cost $80 million, and the expansion is expected to create over 4,000 new jobs, bringing Lucent's workforce in DuPage County to nearly 15,000. This would make the DuPage County site the largest concentration of Lucent employees in the world.

Key Takeaways:

  • The expansion plans include the construction of at least two 600,000-square-foot office and laboratory buildings, along with four parking decks, in Lisle and Naperville.
  • Each building is estimated to cost $80 million, and the total cost for the expansion is not specified.
  • The expansion is expected to create over 4,000 new jobs, bringing Lucent's workforce in DuPage County to nearly 15,000.
  • The DuPage County site would become the largest concentration of Lucent employees in the world if the expansion occurs.
  • Officials have worked for months on preliminary plans to entice Lucent to expand in the area.
  • The village of Lisle has offered to forego building fees of up to $1.2 million for the parking decks and provide a 10-year extension on its sales tax rebate.
  • Lucent is expected to pay about $1.6 million in sales taxes to the village in this fiscal year.
  • The village currently rebates 70 percent of the sales taxes to Lucent, but under the new agreement, it would rebate 75 percent for the first three years and 50 percent for the final seven years.
  • A third building is possible in Lisle, but only if the company decides it is needed.

Statistics:

  • 600,000 square feet: the size of each office and laboratory building.
  • 4,000: the number of new jobs expected to be created by the expansion.
  • $80 million: the estimated cost of each building.
  • 15,000: the total workforce of Lucent in DuPage County, expected to increase by over 4,000 jobs.
  • 75%: the rebate percentage for the first three years under the new agreement.
  • $338,000: the amount DuPage County is considering paying for a traffic study of the Naperville Road-Interstate 88 intersection.

Sources:

  • "Documents on file in Lisle"
  • "Officials from Lucent, the municipalities, the state and the county"

Read more