From the Kokomo Tribune:
After two hours listening to opponents and proponents, the Tipton County Council voted 4-1 to approve a 10-year tax abatement for the Prairie Breeze Wind Farm.
With the approval for juwi Wind, the next hurdle to be cleared before construction can start is a conditional use permit, which must be approved by the Tipton County Board of Zoning Appeals.
...
The company requested a 10-year tax abatement for the construction of between 31 and 94 wind turbines in Prairie Township and the western portion of Liberty Township.
Development of the project is contingent on the federal government extending a wind energy tax credit, which is scheduled to expire on Dec. 31.
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The company will invest between $100 million and $300 million and pay $7.2 million in taxes under the 10-year tax abatement. Heck said the company will provide the county between $700,000 and $1.8 million in economic development funds over the first four years of the project.
Tri-Central would receive $3.1 million in the Capital Projects Fund over the life of the project, which is expected to remain in operation for 20 years.
“Most wind projects don’t get to this stage,” Heck said. “There is a longer development timeline. We have been working in Tipton County since 2009.”
http://kokomotribune.com/local/x1485884864/Wind-farm-tax-abatement-OK-d
