Property Tax Incentive Approved for New Ashburn Supermarket
The City Council approved a Cook County Class 7(d) property tax incentive for Pete's Fresh Market in Ashburn, aimed at offsetting construction costs for the newly opened supermarket. The $15 million store, which replaced an Ultra Foods location, is expected to benefit from an estimated $4.6 million tax reduction over 12 years, promoting investment in economically challenged areas.