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County council approves tax phase-in for Scannell Properties/TaylorMade; MOA to be finalized by commissioners
Summary
After extensive public comment and developer commitments to screening, traffic controls and lighting limits, the Vanderburgh County Council voted unanimously to confirm a property-tax phase-in for Scannell/TaylorMade at 6700 Petersburg Road, contingent on a memorandum of agreement the county commissioners will consider.
Vanderburgh County Council voted unanimously on April 1 to confirm an economic revitalization area and a property-tax phase-in for Scannell Properties and TaylorMade at 6700 Petersburg Road, a measure the council limited to confirmation pending a memorandum of agreement the county commissioners must approve.
Pat Hickey, director of economic development at EREP, presented the project’s economic case, saying it represents "$60,000,000 in projected new property investment," and includes preservation of about 150 existing jobs, creation of roughly 40–45 new, above-average-wage positions and support for 300 construction jobs with an estimated $26 million in construction labor income and $17 million in annual labor income…
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