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Staff recommends 10-year, 60% tax abatement for Stellar Energy’s proposed Fort Worth plant
Summary
City staff recommended a 10-year, 60% tax abatement for Stellar Energy Americas to build a modular-cooling manufacturing facility in the Alliance area, contingent on roughly $80 million in capital investment and creation of 1,420 jobs by 2027; council asked a brief clarifying question about the project’s council district.
City economic-development staff recommended the council enter a 10-year, 60% property-tax abatement for Stellar Energy Americas to build a modular cooling-equipment facility on Blue Mound Road in the Alliance Westport 24 development.
Shree Gordon, presenting the item, described the proposal as a fast-moving project with strict performance timelines: “The company is committing to a minimum capital investment of approximately 80,000,000 by…
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