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Pulaski County hears request for 65% tax abatement, bond issuance for 300‑MW Downstream Solar project
Summary
Invenergy’s Downstream Solar team asked the Pulaski County judge to approve a pilot (payments‑in‑lieu‑of‑taxes) that would abate 65% of property taxes and to authorize issuance of bonds to finance the project; the judge took the request under advisement and said he will decide within 30 days.
Pulaski County officials on Thursday heard a request from Invenergy and counsel for Downstream Solar Energy LLC for a 65% property tax abatement and county approval to issue bonds to finance a 300‑megawatt solar project that would span Lonoke and Pulaski counties.
The request was presented to the Pulaski County judge by Nicole Solsby of Rose Law Firm, who said Downstream Solar is seeking a 65% abatement — meaning the company would pay 35% of the personal property tax liability on the project — and a county court order authorizing the issuance of bonds and related documents. The project developer, identified in the hearing as a project developer for Invenergy, described the project as a roughly 300‑megawatt facility sited across about 6,000 acres of signed land agreements, about 10% of which are in Pulaski County.
The pilot and bond request would fund pilot payments to the county and school district rather than taxing the project at full assessed rates. Solsby said the project team estimates more…
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