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Orange council approves EDC incentives and sales-tax rebate for Project Capstone, reviews EDC finances
Summary
The Orange City Council on July 22 formally approved Economic Development Corporation actions including up to $2 million in infrastructure incentives for "Project Capstone" and a 10-year sales tax rebate, and acknowledged recent EDC financial and investment reports.
The Orange City Council on July 22 approved Economic Development Corporation actions to support a large retail development the EDC identified as Project Capstone and acknowledged recent EDC financial and investment reports. The move followed a public EDC hearing earlier the same evening and came to the council as a formal ratification of EDC action. The nut graf: Council members voted to authorize an EDC incentive not to exceed $2,000,000 for eligible infrastructure improvements at a roughly 40–43 acre land assembly near IH-10 West at MLK…
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