A tax increment finance petition for a longtime economic anchor in Sioux Falls is moving to a second and potentially final vote.
Sioux Falls City Council unanimously passed its initial vote to advance a $90 million tax incentive for Smithfield Package Meat Corporation, which seeks to deconstruct its Falls Park-area pig processing plant and build a $1.3 billion facility in the city’s northeastern Foundation Park. The new 1.1-million-square-foot pork plant will be located within the 1,000-acre industrial mega site northwest of interstates 29 and 90.
The second reading of the TIF plan is scheduled for March 17…