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Board approves 10‑year, 50% tax abatement for Thornell 40,000‑sq.‑ft. commercial project
Summary
The Kearney Board of Aldermen approved a 10‑year, 50% tax abatement for a proposed 40,000 sq. ft. Thornell commercial building in the city's Enhanced Enterprise Zone and adopted Ordinance No. 1698‑2026; the project is estimated at $5.7 million in capital investment.
David Pavlich, Community Development Director, presented the ordinance to grant tax abatement to Thornell Corporation for a proposed 40,000‑square‑foot commercial building in the Innovation 5th Plat, Lot 2. "This project is a 40,000 square foot building with an anticipated capital investment of $5.7 million and anticipated retail sales, subject to sales and use tax, is about $12 million annually," Pavlich told the board.
Pavlich and counsel Megan Miller explained the proposal would provide a 50% abatement on improvements for 10 years. The minutes state projected payments-in-lieu-of-taxes (PILOTs) of $533,782 would be paid to the taxing jurisdictions over 10 years and the projected abatement to the company would be $532,956. After two readings, the board voted 4–0 (Aldermen Holt, Spencer, King and Lehman) to adopt the ordinance, which is recorded as Ordinance No. 1698‑2026. The motion to approve was moved by Alderman Lehman and seconded by Alderman Holt.
