Thursday, February 28, 2013

Reporter Reports Abatement Approved for Subaru Investment in Lebanon

From the Lebanon Reporter:

A request for a non-traditional tax abatement for Subaru had Lebanon Mayor Huck Lewis asking the city council Monday for a second on a motion to approve it and initially finding none.

The council considered a tax abatement for developer Pro Logis and client Subaru America, who may develop land off Interstate 65 behind Hattie B. Stokes Elementary. Pro Logis has held ownership of the land for 12 years. If Subaru decides to relocate to Lebanon from its current Whitestown facility, it will have a 10-year tax abatement from the city.

But the road to the approved abatement was difficult. - See more at: http://reporter.net/local/x36432593/Council-hesitantly-approves-Subaru-abatement-request#sthash.u7JUefAI.dpuf