Tuesday, May 13, 2014

Republic Reports Columbus Approves Custom Tax Abatement for Shell Building

From the Columbus Republic:

A custom tax abatement for an industrial shell building proposed to attract new business to Columbus, or to encourage an existing business to expand, has won approval from the city council.

Force Holdings’ proposal to build the structure without a buyer in place, and the city agreeing to give it a tax abatement without the immediate promise of creating jobs, was new territory for the council, which acted last week.

The 50,000-square-foot building would be built near I-65 in the vicinity of the Walesboro exit at the Woodside Northwest Industrial Park. As proposed, the building could be expanded to 200,000 square feet.