Property Tax Incentive Proposed for New City Recycling Facility

Lakeshore Recycling Systems LLC's recently completed $53.5 million recycling facility in New City would receive a Cook County Class C property tax incentive through a proposal introduced to City Council today by Mayor Brandon Johnson.

The 139,496-square-foot complex at 4121 S. Packers Ave. was completed in March 2023 following $1 million in environmental remediation work. The facility employs more than 700 full- and part-time workers.

The incentive would reduce taxes on the property by $3.4 million over the 12-year term.

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

###