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Plainview approves incentives as Walmart commits to major modernization and street repairs
Summary
Plainview City Council on Nov. 11 approved two incentive agreements to support a multiyear modernization of the city's Walmart distribution center and to help fund reconstruction of Quincy Street.
Plainview City Council on Nov. 11 approved two incentive agreements to support a multiyear modernization of the city's Walmart distribution center and to help fund reconstruction of Quincy Street.
Christy Aday, executive director of the Plainview Economic Development Corporation, told council the agreements cover two separate vehicles: a Chapter 312 tax abatement limited to new equipment and a Chapter 380 sales-tax rebate tied to project participation and infrastructure improvements. Aday said the abatement applies only to new equipment installed for the upgrades; there is no abatement on the facility's real property.
Ivan Jaime, Walmart's director of government affairs, said the company is making a minimum…
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