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Council approves tax-abatement package for Beckman Coulter expansion
Summary
The Chaska City Council adopted a tax-abatement agreement to support Beckman Coulter’s planned 148,000-square-foot expansion, a roughly $50 million investment the company says will add about 300 jobs; agreement caps abatement at $1.4 million or 13 years and allocates part of the funds for resurfacing Lake Hazeltine Drive.
The Chaska City Council on June 16 approved a tax-abatement agreement to support Beckman Coulter’s planned 148,000-square-foot expansion and roughly $50 million investment in the city.
City staff told the council the package would be a “pay as you go abatement up to $1,400,000” with a maximum term of 13 years; part of the abatement proceeds will fund resurfacing of Lake Hazeltine Drive and Beckman Coulter will coordinate with Chaska Electric to access transformers as needed. “Tax abatement is an economic development tool that…
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