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Auburn council approves joiner agreement for Core Scientific; city cites $395 million new investment
Summary
The Auburn City Council approved a tax-abatement amendment and joiner agreement allowing Core Scientific Incorporated to join OBX LLC’s existing abatement; the company will lease a facility on West Sanford Avenue and plans roughly $395.3 million in new capital investment.
The Auburn City Council on March 4 approved a tax-abatement amendment and a joiner agreement that will permit Core Scientific Incorporated to join an existing tax abatement held by OBX LLC and lease the OBX facility at 1571 West Sanford Avenue.
City staff told the council the action covers the tax-abatement paperwork only; it does not authorize construction. Staff said Core…
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