A project code-named 'Project Holly' is seeking a partial property-tax break for an $8–10 million Terre Haute investment
What happened
Interim Terre Haute Economic Development Corporation president Jonathan Blake told the commissioners that a project referred to as "Project Holly" is still working through its internal process before committing, but would bring roughly $8 to $10 million in property investment — buying property, building a facility, and outfitting it with equipment — plus another $40 to $50 million in personal property. He said the company is not asking for an abatement on that personal-property investment, only a partial, stepped abatement on the real-property investment, not a full break for all 10 years.
The outcome
Not decided. The abatement request still needs to go before Terre Haute City Council.
Sources
Also known as: Project Holly · Terre Haute EDC abatement · Vigo County tax abatement · industrial property tax break