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Orange council approves Chapter 312 tax abatement for USG Paper project after public hearing
Summary
The City of Orange held a public hearing and approved a Chapter 312 tax abatement for USG Paper LLC, tied to a reinvestment zone around the former International Paper site. Staff and council said the project is expected to involve large capital investment and create about 100 jobs; the council approved an 80% abatement for 10 years.
The City Council of Orange on Feb. 25 voted to approve a Chapter 312 tax abatement agreement for USG Paper LLC and confirmed the boundaries of a Reinvestment Zone that covers the former International Paper site.
The approval follows a public hearing on a proposed reinvestment zone for property at 1750 IP Way Road and a staff presentation that said the applicant proposes roughly $715,000,000 in new real and personal property improvements and “roughly 100 plus jobs” when the site becomes operational. City staff said the EDC…
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