Friday, June 27, 2014

Reporter Reports Lebanon Grants Abatement to GDI Construction

From the Lebanon Reporter:

A 10-year tax abatement was approved Monday by the Lebanon City Council for a proposed speculative warehouse building, the city’s first spec building. The council has been discussing the issue for the past month. It was brought before the council in late May for consideration, and an economic revitalization area was approved earlier this month, which sets the stage for the approval of a tax abatement. GDI Construction and Northpoint Development plan to construct a 741,000-square-foot building in the Lebanon Business Park, on the south side of Indiana 32 directly across the street from Arby’s and KFC, in hopes of attracting a future tenant. Joe LePage director of marketing and communications for the Boone County Economic Development Corp. had said that 80 percent of companies looking to locate in Boone County want to move into an existing building.