A Cook County Class C property tax incentive approved by City Council today will enable a Near West Side meat purveyor to relocate its operations to a planned $44.8 million processing plant in North Lawndale.

Peoria Packing, located at 1300 W. Lake St., will build the 97,000-square-foot facility on approximately 6.4 acres of vacant land at 1250 S. Kilbourn Ave., which requires environmental remediation. Upon completion of clean-up and construction, the company will relocate its processing and retail operations to the new facility, retaining 75 full-time jobs and adding 25 new positions. Total tax savings over the 12-year incentive period are estimated at $3.1 million.

The Class C property tax incentive is intended to facilitate commercial and industrial investment on properties that have substantial environmental contamination.

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