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Council approves extension to Core 5 building timeline, citing market delays
Summary
Core 5 told the council Building 1 exceeded earlier value estimates but Building 2 is paused due to weak industrial-market absorption; the council approved Resolution 2026-02 to amend the SB1 tax abatement and extend start/completion dates (5-0).
Dentons attorney Amy Newning and Core 5 representatives briefed the Whiteland Town Council on the status of two industrial buildings the developer is building under a prior tax-abatement agreement.
Newning reported that Building 1 ‘‘has successfully fully completed’’ and has produced assessed values larger than originally anticipated; she said the developer…
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