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Committee recommends tax abatements to support GTA Containers expansion at 445 North Sheridan
Summary
The committee voted 4-0 to forward two confirming resolutions: an 8-year real property abatement (Bill 25-10) and a 5-year personal property abatement (Bill 25-11) to support GTA Containers’ $11.1 million expansion and equipment purchase at 445 North Sheridan Street.
The Community Investment Committee voted 4-0 to forward two confirming resolutions that would grant tax abatements to support an expansion by GTA Containers at 445 North Sheridan Street.
Mark Behmender, manager of business development, told the committee the project will create a new 112,000-square-foot facility and install new equipment as part of a combined investment of roughly $11.1 million ($8.8 million for the facility, $2.3…
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