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Caribbean Containers expansion on Premier Way cleared to pursue fast‑track grant; company to pay match
Summary
The board approved proceeding with a Fast Track Industrial Grant packet for Caribbean Containers LLC to expand at Premier Way and Industrial Drive, with the company covering the estimated upfront match (~$185,000). Mayor Bell proposed a 10% PILOT for 10 years if the project advances.
The Henderson board approved moving forward with a Fast Track Industrial Grant packet to support Caribbean Containers LLC’s planned expansion at the corner of Premier Way and Industrial Drive on city‑owned land.
Mayor Terry F. Bell told the board the company first raised the possibility about 18 months ago; Development consultant Randy McKinnon said a preliminary report will be required covering grading, soil borings, stormwater and utility needs and that a public roadway could be included in the grant. Tracey Exum told the board she believes the expansion would produce enough jobs to justify grant assistance. The board approved the packet on a motion by Ald. Donna Butler with Caribbean Containers agreeing to pay the upfront match (approximately $185,000).
Mayor Bell recommended an economic incentive structure if the project proceeds, suggesting a 10% payment‑in‑lieu‑of‑taxes (PILOT) for ten years. The board did not vote on any PILOT at the meeting; the action approved at this session was to authorize the Fast Track application and the company’s payment of upfront match costs.
