Latest news with #taxabatement
Yahoo
15-07-2025
- Business
- Yahoo
Albuquerque City Councilors approve tax abatements for two redevelopments sites
ALBUQUERQUE, N.M. (KRQE) – Albuquerque City Councilors approved tax abatements to redevelop two vacant sites for housing and commercial purposes. One is for Sycamore Plaza, a long-abandoned office building near the Central Ave. and University Blvd., that will be turned into 20 residential units and a commercial space. The other is a vacant lot on Menaul Blvd. near I-25, that will become an office and warehouse space. Albuquerque City Council approves tax incentive for Sawmill development The tax abatement approved by council freezes property taxes for seven years, saving each project around $200,000. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
10-07-2025
- Business
- Yahoo
Tenant challenges Lancium AI facility property value
ABILENE, Texas () – A tenant at the Lancium AI facility, also known as Stargate, being built in far northern Abilene, is protesting the property value of the site. Abilene City Council weighs large tax abatement for Lancium Taylor County Commissioners listened to the details during Taylor County Budget hearings that began this week. Taylor County estimated to see $18 million/year windfall from Lancium AI project According to the county auditor's office, the initial new property value came in at $930 million, significantly more than in a normal year. $560 million of that was based on the Lancium property, which translates into approximately $1.9 million in revenue for the county. Abilene's Lancium project: Progress & solutions for community concerns These are preliminary numbers until the Taylor County Central Appraisal District certifies values by the 25th of this month. When the values do come in, the Lancium property will be taxed at 100% until the property is fully operational. After that, Lancium has received an 80% tax abatement from the City of Abilene. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
22-05-2025
- Politics
- Yahoo
Fate of controversial Whitehall development's tax abatement could end up in voters' hands
WHITEHALL, Ohio (WCMH) — Whitehall voters will now have the chance to vote on a controversial tax abatement to allow for the construction of Fairway Cliffs. Opponents of the upscale townhome development protested outside Whitehall City Hall before the meeting Tuesday night, where there was a lot of back-and-forth discussion between the city council and city attorney. Columbus officer confronts school board after being denied access to school One resident said she was excited over the decision, but feels the work isn't over just yet. 'So if there is doubt, we have three readings to rectify whatever issues there are and I'm saying what is the point of pushing something through when we aren't even sure or some of us don't have the understanding, it's not clear,' said one council member. In April, Whitehall City Council approved three tax breaks for the nearly 50-unit Fairway Cliffs proposal. Opponents then started referendum petitions, which, with enough valid signatures, puts issues on the ballot. After about 20 minutes of discussion, council members voted 6-1 to send the tax abatement question to the November ballot. 'We're happy with the city council and their vote and we're excited about Nov. 4 and really want the public to come out and have their voice heard,' Whitehall resident Holly Stein said. Hilliard, Grove City helping solve housing shortage in central Ohio Council has supported the Fairway Cliffs plan and previously approved a 100-percent tax abatement for the development's first 15 years. 'That's where we feel this is not worth it,' Stein said. 'We have many other projects in the City of Whitehall. We have Rockwell District. We have Norton Crossing. Where is the development going forward on those? We want to spend our energy and our time and our resources, our valuable tax dollars on those properties.' Residents learned on May 7 that the petitions filed were valid. That same day, city council allowed developers from Fairway Cliffs to submit tweaks to the plan, but residents said that that move violated citizens' rights. 'Once you have a referendum, petitions found to be sufficient, you can take no action against those, so we are satisfied on one side, but we still have some more work to do on the other side in trying to get the motion to reconsider dropped,' Stein said. Horror museum featuring haunted objects, 'last meal' restaurant coming to Ohio Developers have until June 17 to submit a new proposal to council. If it passes with a large majority, council can use an emergency clause to override the referendums. A statement from the Whitehall mayor's office reads, in part, 'The mayor's office and the City of Whitehall welcome all public engagement in all forms and celebrate citizens exercising their civic rights.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
21-05-2025
- Business
- Yahoo
Whitehall moves to put Fairway Cliffs on November ballot
WHITEHALL, Ohio (WCMH) – It looks like a controversial tax abatement to allow for the construction of the Fairway Cliffs development will be going before voters. Opponents of the upscale townhome development protested outside city hall before Tuesday's meeting. The group passed petitions, hoping to get enough signatures to get the proposed development on the ballot in November. The petitions were accepted, and council voted to send the proposed referendum to the elections commission. Council has supported the Fairway Cliffs plan and previously approved a 100% tax abatement for the first 15 years. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
