1. Cook bacon in a large soup pot over low heat until fat is rendered, about 5 minutes. Add butter and allow it to melt.
2. Add onions and wilt over low heat for 10 minutes. Add flour and cook, stirring, another 5 minutes.
3. Add chicken broth and potatoes. Continue cooking over medium-low heat until the potatoes are just tender, about 12 to 15 minutes.
4. Add Half & Half, corn, black pepper, and salt. Cook 7 minutes, stirring occasionally.
5. Add red bell pepper and green onions. Taste and adjust seasonings if necessary. Cook another five minutes, garnish with cilantro and serve immediately.
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