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Developer seeks tax abatement for Prairie Creek 2 wind project; council tables decision
Summary
Will Holbrook, developer of Prairie Creek 2, asked the council for a 10-year, 75% property tax abatement for a 100 MW wind project. Commissioners said they would not act while the wind ordinance and the economic development agreement remained unresolved and tabled the request pending more documentation and counsel.
Will Holbrook, the developer for Prairie Creek phases 1 and 2, told the Blackford County Council he is seeking a 10-year, 75% property tax abatement for Prairie Creek 2, a proposed 100-megawatt wind project he said would include about 23 turbines across roughly 10,200 acres and carry a 30-year project life. Holbrook told the council the project structure mirrors the first phase and that projected new assessed value could be about $35,000,000, with roughly $7,800,000 in economic development agreement (EDA) payments to the county if the project…
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