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Council approves 15‑year CRA tax exemption for 600 Seasons Business Center project
Summary
Council adopted a Community Reinvestment Area agreement for a proposed 250,000‑square‑foot industrial building at Seasons and Allen Road that commits the developer to job and payroll targets and requests a 15‑year, 100% real‑property tax exemption.
The Stowe City Council on April 24 approved a Community Reinvestment Area (CRA) agreement with 600 Seasons Business Center LLC to support construction of a new 250,000‑square‑foot industrial building at the corner of Seasons and Allen Road.
Planning and economic development staff reported the project is expected to generate a minimum of 60 new jobs and about…
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