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Temple Council designates tax abatement zone, approves 10-year abatement for proposed Rowan data center
Summary
The City of Temple designated Reinvestment Zone No. 47 and approved a tax-abatement agreement with Rowan Temple LLC that would cover a proposed hyperscale data center with a $700 million Phase 1 investment and a 10-year, 50% abatement on increased property value, contingent on meeting investment and job-creation requirements.
The Temple City Council voted to designate a tax abatement reinvestment zone and to approve a tax-abatement agreement with Rowan Temple LLC that would apply to a proposed hyperscale data center on about 5.54 acres northeast of Bobwhite Road and Lorraine Avenue.
City staff described the Rowan proposal as a Phase 1 investment of $700,000,000 and a commitment to create 40 new full-time jobs. Under the agreement approved by the council, the city would abate 50% of the ad valorem taxes on the increase in real and personal property value for 10 years,…
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