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Council reviews Project Tempo proposal, considers tax-abatement zone and labor protections
Summary
Council members spent a major portion of the study session discussing Project Tempo, a proposed roughly 1 million-square-foot industrial facility along the I‑65 corridor that developers estimate would represent about $125 million in investment and create about 150 jobs at an average wage the council cited as about $31 per hour.
Council members spent a major portion of the study session discussing Project Tempo, a proposed roughly 1 million-square-foot industrial facility along the I‑65 corridor that developers estimate would represent about $125 million in investment and create about 150 jobs at an average wage the council cited as about $31 per hour.
The discussion centered on whether to create an Economic Revitalization Area (ERA) for the site and include a package of incentives the developers requested: a 100% personal‑property tax abatement for the term under consideration and a seven‑year graduated abatement on real property. Council members also discussed requiring the developer to pay a one‑time $450,000 fee to the county if the abatement is approved. Council members asked staff to place a declaratory resolution for the ERA and related statement of benefits on the council agenda for Tuesday and to notify affected taxing districts as…
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