A Near West Side meat purveyor would construct a $44.8 million processing plant in North Lawndale through a Cook County Class C property tax incentive proposed to City Council today by Mayor Brandon Johnson.

Peoria Packing, located at 1300 W. Lake St., would 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 would 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.

###