Chicago-based Billiard Factory Chicago and Champaign-Urbana have announced plans to reopen and build a $1 billion indoor-outdoor indoor food and beverage manufacturing facility.
The company says it is aiming to have the facility in place by 2021.
Billiard Factory’s CEO and president, Tom Fitch, said the company was “excited to be able to make this announcement and help make Champaign a great place to live and work.”
The company said the new facility will include a total of 4,400 square feet of manufacturing space, which will allow the company to build new products, such as food trucks, at lower labor costs.
Fitch said the indoor-off-the-grid facility will be built in the former BilliardFactory building on the north side of the city.
The new facility is part of a larger development plan to expand the food and beverages industry in the city, including a restaurant, retail and entertainment complex.
The facility will also feature a high-speed train station, Fitch said.
The company expects to be in Champaign by the end of the year, and expects to open the new plant by the fall of 2021.
The Champaign County Board of Supervisors is set to vote on the project’s environmental impact report later this month.