Tax Break in Store to Attract 'Golden Corral' to Tinley Park
Tinley Park Village Board members are expected to approve a large property tax break for Golden Corral, according to Sun-Times reports. The break would drop property taxes from $213,000 to just $92,396 annually, over the next 10 years.
One of the leading cafeteria-style restaurants in the nation is poised to move into Tinley Park, due in part to a large tax break from the Village, according to Sun-Times Media reports.
On Jan. 23, the Tinley Park finance committee approved a tax break for Golden Corral, 6803 W. 159th Street. The break would drop the property taxes over the next 10 years from $213,000 to just $92,396 annually.
Golden Corral developer Bhavin Patel told reporters that without the tax break, he and his partners would not be able to build the 11,000-square-foot building to house the restaurant.
Golden Corral is expected to bring between 100 to 120 full- and parttime jobs to the village, according to the report.
The village board is expected to vote on the tax break at its Feb. 5 meeting.
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