Laserfiche WebLink
Project's Existing 10 Year Incentives <br />Data in this column identifies all other local incentives, like PILOT abatements under an existing IDA or scheduled <br />TIRZ reimbursements, that any project may be entitled to receive. <br />Regression Analysis <br />The formulas embedded in this column represent staff's best estimate using regression analysis to tie together <br />all the columns of data. Important assumptions of the formulas are as follows: <br />. Retail projects are five times (5x) more valuable to the community than industrial projects. For reference, <br />please see page #6 of La Porte's enclosed Tax Abatement Policy. <br />. Each "project type" is not equal to every other project type. Therefore, each project type's value of <br />priority is included in the formula. <br />. The value of incentives that a project is already scheduled to receive, and is shown in the "Project's Existing <br />10 Year Incentives", must be deducted from the total tax/PILOT revenue that the project is expected to <br />generate, which is shown in "Project's 10 Year Tax or PILOT Revenue". <br />. Each project's value to create a "multiplier effect" on our local economy should be included. See the <br />values listed under "Project's Multiplier Value (Up to 4)". <br />. Each value in the column for "Regression Analysis" is divided by I million just to make the values under <br />"Regression Analysis" smaller, more manageable, and easier to compare. <br />The two (2) basic formulas used in "Regression Analysis" are as follows: <br />