The Redevelopment Commission unanimously passed the resolution concerning the FB Distro property at 1901 E. State Road 240 Wednesday evening, and it will get final consideration from the Greencastle City Council when it meets at 7 p.m. Tuesday at City Hall.
The approvals are the initial steps toward securing revised tax abatement on the same property.
The latest resolution became necessary because of a change in the ownership of FB Distro Inc. Since passage of a similar resolution for FB Distro relative to a planned expansion project it announced with an appearance by Indiana Gov. Mitch Daniels on March 7, parent company Charming Shoppes Inc. of Bensalem, Pa., has been sold.
With that sale, FB Distro is now a part of Ascena Retail Group, a national specialty retailer of apparel for women and girls, operating through subsidiaries such as The Dressbarn, Maurices and Justice brands.
The resolutions being considered by the Redevelopment Commission and City Council now reflect that Ascena association, although Greencastle/Putnam County Development Center Director Bill Dory explained that a press release detailing Ascena's future local plans is still to come.
Ascena, he told the comission, has revised the proposed project FB Distro officials announced in March as creating 135 new jobs here by 2014. Ascena has also submitted a revised application for real and personal property tax abatement, Dory said.
Regardless, the revised project will represent "increased job creation and investment," Dory told the Redevelopment Commission.
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