Company asks county to delay real-property abatement until 2027; council approves start date change
A company representative asked the council to push the start of a real-property abatement to 2027 (payments in 2028) because construction and production were delayed; council members clarified terms and approved the requested schedule change with one abstention.
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A company representative (speaker S10), identifying himself as representing company headquarters in New Jersey, told the council that construction and production delays and an industry-wide pullback made the originally planned abatement schedule unworkable for this project. "We'd like to push out the abatement schedule from starting till 2028," he said, adding that current production forecasts do not support an immediate start.
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