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Crosspoint Polymer Technologies reports $12M invested; council accepts compliance explanation
Summary
Crosspoint’s CFO told council the company has invested about $11–$12 million and moved into an 80,000-square-foot facility; council noted compliance metrics on the tax-phase-in compliance sheet showed low "placed in service" values but accepted the explanation that unplaced construction isn't counted until usable and voted to accept the compliance update.
Crosspoint Polymer Technologies presented an update on its tax-phase-in compliance, telling Vanderburgh County Council that most construction is complete and that roughly $11–$12 million has been invested to date.
Pat Hickey (EREP) introduced the item and said the company remained within its approved three-year building period, which…
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