Lebanon Reporter

Local News

June 4, 2014

Commissioners divided on abatement vote

In a split decision, the Boone County Commissioners Monday approved tax abatements for a 770,000-square-foot building in Allpoints at Anson.

The $16 million structure — called a “spec” building because it’s being constructed with no guarantee it will be occupied — will be constructed by J.B. Partnership in hopes of attracting one or more tenants, said Bryan Brackemyre, executive director of the Boone County Economic Development Corp. The partnership will save about $1.4 million in property taxes over the abatement’s 10-year period.

An abatement does not eliminate property taxes, but applies them at a progressive rate over the decade it is in force.

“It’s a substantial project for us,” Brackemyre said. The building will be south of Albert S. White Boulevard (County Road 400 South).

See Wednesday's Lebanon Reporter for more on this story.

Text Only
Local News

Featured items
Twitter Updates
Follow us on twitter
AP Video
House Leaders Trade Blame for Inaction Malaysian PM: Stop Fighting in Ukraine Cantor Warns of Instability, Terror in Farewell Ravens' Ray Rice: 'I Made a Huge Mistake' Florida Panther Rebound Upsets Ranchers Small Plane Crash in San Diego Parking Lot Busy Franco's Not Afraid of Overexposure Fighting Blocks Access to Ukraine Crash Site Dangerous Bacteria Kills One in Florida Workers Dig for Survivors After India Landslide Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN Raw: Deadly Landslide Hits Indian Village Obama Chides House GOP for Pursuing Lawsuit New Bill Aims to Curb Sexual Assault on Campus Russia Counts Cost of New US, EU Sanctions 3Doodler Bring 3-D Printing to Your Hand Six PA Cops Indicted for Robbing Drug Dealers Britain Testing Driverless Cars on Roadways

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide