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Commission approves expanded IRB allowance for Northpointe Development to finish Turner Commerce Center
Summary
After a public hearing and questions about taxes and abatements, the Unified Government commission approved a resolution amending an industrial revenue bond agreement for Northpointe Development to allow higher sales‑tax exemption on construction costs so three additional buildings can be completed; the measure passed in a recorded roll call.
The Unified Government Board of Commissioners voted April 16 to amend a long‑standing industrial revenue bond (IRB) agreement that covers construction at the Turner Commerce Center, allowing Northpointe Development to raise the dollar cap on IRBs so three new industrial buildings can be finished.
Commissioner David Davis moved to adopt the resolution after a public hearing in which staff and developer representatives described the request as a technical update tied to sharply higher construction costs. County Administrator David Johnson said the amendment would permit the developer to finalize a business park that has been in development for years and allow additional tenants to occupy space on the west side of the Turner Diagonal.
CFO Shelley Kniebben told commissioners the amendment…
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