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The values in this column are simply the value from the column called 00. <br />00. <br />Incentive Value Allowed by Tax Abatement Policy <br />Data in this column shows the value of incentive recommended for each project type, according <br /> The percentage (%) of tax abatement allowed for each project <br />% Allowed by Tax Abatement Policy <br /> current tax abatement policy is enclosed. <br />Staff Comments <br />not <br />Tax Abatement Policies, generally speaking, do sufficiently address the following: <br /> retail projects <br />Large costs often associated with such as subsidizing the cost of land, subsidizing the <br />cost of necessary infrastructure, and offering sales tax rebates to attract retail anchors, <br /> <br /> <br />Expensive removal of blighted structures, and/or re-development expenses, <br /> <br /> <br />-ndustrial projects like INEOS ($1 billion) which could, at least theoretically speaking, <br />place a facility on industrial-zoned land in La Porte. (Note: The City needs high value, high paying <br />industrial development to go in industrial-zoned areas of La Porte, but a tax abatement rate of 10% <br />- <br />limits.), <br /> <br /> <br />The lack of parity between the 37% tax abatement and lack of city regulation s two (2) <br />incorporate city limits, <br /> <br /> <br />The high value of industrial advance manufacturing jobs. (Note: Tax Abatement only considers the <br />), <br /> <br /> <br />The potentially high tax value of inventory/business personal property associated with warehouse <br />distribution. <br />Staff Recommendation <br />sole basis <br /> for offering economic development <br />incentives for either industrial or retail projects. Additional factors upon which to offer economic development <br />incentives should be considered. <br />In an effort to present an objective, empirical basis by which to value potential economic incentives for a wide <br />variety of project types, staff has cIt should be <br /> <br />