Property tax incentives approved by City Council today will support a pair of industrial redevelopment projects on the Southwest Side.

Berkshire Refrigerated Warehousing LLC, 4550 S. Packers Ave.
The renewal of a Class 6(b) property tax incentive will support the continued operation of a 135,000-square-foot cold storage facility in New City by Berkshire Refrigerated Warehousing LLC. The estimated $2.1 million in tax savings through the 12-year renewal period will support the retention of 84 full-time jobs. The original Class 6(b) supported the $18 million reconstruction of the building for the company’s operation as a temperature-controlled warehousing and food distribution business after a severe storm damaged it in 2005.

MRC Polymers Inc., 3535 W. 31st. St.
MRC Polymers will renew a 6(b) property tax incentive to support the continued operation of its 65,000-square-foot industrial building in South Lawndale for a projected savings of $1.1 million over the next 12 years. The company employs 74 people and converts post-consumer resins and industrial plastics into pellets for various manufacturing applications. The original Class 6(b) incentive was issued in 2003.

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