Hillco Redevelopment has agreed to pay $12.25 million to settle a class-action lawsuit filed over the botched demolition of a smokestack that covered parts of Little Village in dust.

Hilco used explosives to implode an almost 400-foot smokestack in April 2020 that fell over and created a massive dust cloud that coated nearby homes, cars and yards and provoked outrage among residents.

Hilco redeveloped the former Crawford Power Generation Station site on South Pulaski Road into a warehouse and distribution hub for Target Corp.

The settlement agreement was filed with the U.S. District Court in Chicago in early December. A hearing to finalize the agreement is scheduled for April.