"They are building the largest 'spec' building in northeast Illinois, and we want to continue that momentum," stated Noak, the mayor of Romeoville, in a Bugle Newspapers report after Village officials pushed forward with a plan to provide economic incentives for Pizzuti Companies and the Pactiv development.
The board approved an agreement that reduces Pizzuti's building permit by 24 percent, representing a savings of about $177,000 for the firm, which is building a 900,000 square-foot structure on Southcreek Parkway and Taylor Road, according to the Bugle report.
"They continue to build economic development," Noak stated in the report. "In addition, a building of this size and nature bringing $70 million is certainly going to help our school district as well, considering they are dependent on property taxes. This is keeping us competitive—either you have it, or you don't."
"Remember, 76 percent of something is always better than 100 percent of nothing," stated Village Trustee Sue Miklevitz in the Bugle report.
Pactiv is a food packaging manufacturer that currently operates at 1100 Taylor Road. The firm plans to operate at two locations when Pizzuti Companies completes work on the new construction project.