Property Tax Incentive Approved for New City Recycling Facility

June 12, 2024

Department of Planning and Development    312.744.9267

Lakeshore Recycling Systems LLC’s recently completed $53.5 million recycling facility in New City was approved by City Council today for a Cook County Class C property tax incentive.

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

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


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