Council approves tax-abatement package for Crow Holdings site after heated public hearing

Council President Bella and the Maryville Town Council voted to approve Resolution 25-01 on Jan. 14, confirming the designation of roughly 67 acres at 70 Third Avenue and along Mississippi Street near I‑65 as an economic revitalization area and approving a tax-abatement package for Crow Holdings’ proposed industrial development.

The resolution matters because the abatement will reduce taxable assessed value for newly built buildings for a period specified in local practice, and because the property sits inside redevelopment/TIF boundaries that affect how incremental revenues will be allocated.

Developer Matt Cruz of Crow Holdings described the proposal to the council as three buildings — one about 400,000 square feet and two about 250,000 square feet — saying the owner normally builds “on spec” and that tenants often require tax incentives to locate in northwest Indiana. Cruz told the council the parcels currently generate about $553 a year in property taxes and estimated that, once buildings are completed, tenants would pay roughly…