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Bryan council approves land conveyance and tax abatement for Axis Pipe and Tube expansion
Summary
The Bryan City Council unanimously approved a purchase-and-sale agreement and a tax-abatement package to support Axis Pipe and Tube’s planned coating facility on 86 acres, contingent on performance benchmarks including about $110 million in new property investment and roughly $4 million in annual payroll.
The Bryan City Council unanimously approved a purchase-and-sale agreement and a tax-abatement deal to support Axis Pipe and Tube’s planned expansion, city staff said.
City staff presented the package for roughly 86 acres in the Texas Triangle Park reinvestment zone, telling council the project would include a new coating facility, additional mills and outside storage. The agreements attach two primary performance benchmarks: a guarantee of about $110 million in new property investment and roughly $4 million in new annual payroll.
Staff said the land conveyance would be made through a Chapter 380 economic development…
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