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Developer seeking West Fraser property asks Perry for tax relief as part of due diligence
Summary
A developer who acquires closed industrial properties told the City of Perry council Jan. 14 that repurposing the West Fraser site could create jobs but asked for temporary tax relief to make the purchase viable; council discussion did not produce an immediate decision.
A developer who said his company buys and repurposes closed manufacturing plants told the City of Perry council Jan. 14 that he is considering the former West Fraser mill and asked whether the city could offer tax relief to ease his 30-day due diligence period.
The presenter identified himself as John Gerald and described a business model of purchasing dormant facilities, clearing or repurposing equipment and working with local economic development partners to find new operators. Gerald said his firm has bought a dozen facilities around the Southeast and helped…
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