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Abilene council expands reinvestment zone and approves tax-abatement framework to support Lansium campus expansion
Summary
Council approved expansion of a reinvestment zone and a related tax-abatement agreement to make additional Lansium campus property eligible for up to 85% abatements intended to attract further phases of high-capital investment.
The Abilene City Council voted to expand a reinvestment zone and approved a tax-abatement agreement intended to encourage further expansion of the Lansium campus in Taylor County.
The council approved a second and final reading to expand the reinvestment zone that covers property Lansium has added since the zone’s initial creation. City Manager Robert Hanna said the expansion is intended to make the additional property eligible for the city’s tax-abatement process as Lansium pursues additional campus development and potential business prospects.
Why it matters: Lansium’s campus is presented as a multistage industrial campus. City staff and council described the abatement as an incentive to attract capital-intensive follow-on development that the applicant said could create high-wage jobs and generate long-term tax revenue once abatement terms expire.
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