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Developer seeks reinvestment zone and tax abatements for proposed 90 West Industrial project
Summary
Geoma Properties presented a proposed 200,000 sq. ft. industrial warehouse off US‑90 and asked the city to initiate a reinvestment zone so the city and county can consider tax abatements to attract credit tenants; developer estimated $17–20 million in added value and $96,000–$113,000 in annual tax revenue at current rates.
Jack Galva of Geoma Properties presented plans for a 200,000‑square‑foot industrial building dubbed “90 West Industrial” on the south side of US‑90 and asked council to begin the process to designate the site as a reinvestment zone so the city (and, likely, the county) can consider tax abatements to attract credit tenants. Galva said the developer’s market approach…
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