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Kearney approves 10-year, 50% tax abatement for Prejuve Properties commercial project
Summary
The Kearney Board of Aldermen approved an ordinance granting a 50% ad valorem property tax abatement for 10 years to Prejuve Properties LLC for a roughly 25,200-square-foot commercial building in the city's enhanced enterprise zone.
The Kearney Board of Aldermen approved an ordinance Monday granting a 50% ad valorem property tax abatement for 10 years to Prejuve Properties LLC for a commercial building planned in the city's enhanced enterprise zone.
The project is planned as a roughly 25,200-square-foot building at Premier Drive in the Innovation Business Park and includes office space and indoor recreation uses; the board voted unanimously to approve the first and second readings of the ordinance. "The total abated amount, if we do 50% for 10 years, [is] projected to be $315,000.66," Economic Development Director Caroline Yatsuk told the board.
Why it matters: The enhanced enterprise…
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