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Incentives for various developments under consideration in Minooka

The Minooka Economic Development Committee explored the idea of extending an incentive package toward a company behind a potential distribution facility at its meeting last week.

Village President Patrick Brennan said the village is excited about the new development dubbed Project Sting.

An incentive package with a four-year property tax abatement is on the table, according to village documents.

The development, if it advances, intends to bring in an estimated 300 new jobs, according to village documents. The company is interested in two sites in Minooka.

Brennan said he believes the village has good chances of landing the company.

Also at the meeting, the committee took time to review U.S. Cold Storage’s plan for a $61 million expansion project and a request for property tax abatement.

The company wants to expand its current facility by 165,000 square feet. Currently, building operations are contained within 450,000 square feet.

U.S. Cold Storage opened its Minooka location in 1996 and is seeking a three-year property tax abatement deal.

Brennan had this to say.

The committee provided a positive recommendation to the Minooka Village Board of Trustees.

The project will be further reviewed at Wednesday’s Minooka Village Board Committee of the Whole meeting. The village board will have the final say in considering if it’s best to authorize the abatement request at a later date.

In other developments, a plan to bring on line a new Speedway gas station remains up in the air.

An update provided to the committee highlights where the village currently stands with the company.

Brennan had this to say.

Brennan said Speedway has reached out to other municipalities regarding the construction of a new gas station.

Speedway had been in talks with the city of Joliet recently only to withdraw its petition to construct a new gas station after facing community backlash.


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