Archive for Wednesday, March 31, 2010

Tax abatement for Amarr finalized

March 31, 2010

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Commissioners unanimously finalized a 55 percent, 10-year tax abatement for Amarr Garage Doors.

The company received initial approval for an abatement for $7.7 million worth of new construction and $9.4 million worth of new equipment. But the company never finalized the abatement.

When Amarr leaders asked the city recently to complete the abatement, it was discovered the $7.7 million in new construction was no longer eligible for the abatement.

Commissioners on Tuesday approved the abatement minus the portion for the new construction.

Comments

AMrE2U 5 years, 5 months ago

So, a company that put over a 100 people on government funded income (unemployment) only to turn around and hire from a temp agency, cut a majority of their employee's benefits, and froze wages, gets a nice tax break. Don't worry though I am sure it will "trickle down".

Richard Heckler 5 years, 5 months ago

" AMrE2U (anonymous) says…

So, a company that put over a 100 people on government funded income (unemployment) only to turn around and hire from a temp agency, cut a majority of their employee's benefits, and froze wages, gets a nice tax break. Don't worry though I am sure it will "trickle down".

Excellent food for thought....

And so is this: http://www.democracynow.org/2008/1/18/free_lunch_how_the_wealthiest_americans

Richard Heckler 5 years, 5 months ago

"Tax abatements do not attract firms or retain business. The enforcement of tax abatements in Lawrence is shameful with the majority of abated firms failing to perform as promised and the City doing nothing. It makes Lawrence the laughing stock of site selection officers. Yet our employee, the Chamber of Commerce, continues to advocate for this failed program.

We should be scraping the policy and engaging in real economic development and smart growth."

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