Property Tax Incentive Proposed for Sulphur Processing Facility

June 27, 2012

312.744.9267

A property tax break introduced to City Council today by Mayor Rahm Emanuel would support the construction of a new sulphur processing facility in the South Deering community.

The Class 6(b) property tax incentive would help Savage Services Corp. construct a new, 3,000-square-foot sulfur processing plant at 3018-32 E. 122nd St.

The $12.7 million facility would convert molten sulfur into dry pellets known as “prill” that would be used in fertilizer. The facility would generate approximately 100 temporary construction jobs and employ five people upon completion.

Located on a six-acre site along the Calumet River, the facility would utilize nearby rail and waterway corridors to ship and receive raw materials and finished products.

Savage Services would save an estimated $175,000 in property taxes over the next 12 years through the incentive.

 

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