Tech News, Magazine & Review WordPress Theme 2017
  • Supply Chain Updates
  • GLOBAL NEWS
  • REGIONAL NEWS
  • Industry Buzz
  • CURRENT ISSUES
No Result
View All Result
  • Supply Chain Updates
  • GLOBAL NEWS
  • REGIONAL NEWS
  • Industry Buzz
  • CURRENT ISSUES
No Result
View All Result
United States Supply Chain Management Council
No Result
View All Result
Home Supply Chain Updates

Controversial Montgomery warehouse gets $21.5M in tax breaks – News – recordonline.com

usscmc by usscmc
November 13, 2019
Controversial Montgomery warehouse gets $21.5M in tax breaks – News – recordonline.com
Share on FacebookShare on Twitter

MONTGOMERY — The town’s Industrial Development Agency approved a tax break of more than $21.5 million Tuesday night for a controversial warehouse that many believe will be occupied by Amazon.

But it was not a unanimous vote.

The 5-2 vote on a payment-in-lieu-of-taxes (PILOT) agreement for the Bluewater Industrial Partners warehouse came after more than an hour of debate and discussion by the IDA, with some limited public input also allowed by Chairman Jeffrey Crist.

One of the five yes votes was cast by IDA treasurer Matthew Stoddard. The Times Herald-Record learned the town’s Ethics Board had ruled Stoddard should recuse himself from voting due to a conflict of interest.

But board lawyer Robert McLaughlin, while not identifying Stoddard by name, said the Ethics Board’s finding was not final because the Town Board has not accepted it yet, and the IDA member in question has hired private counsel to challenge the ruling.

The two no votes were cast by Stephen Rainaldi, the second vice chairman, and board member Robert Santo.

Rainaldi said before voting that he was concerned that Bluewater will not say who their tenant will be. There has been widespread speculation that it is Amazon, but Bluewater has yet to confirm that.

“I’m not comfortable giving the richest man in the world tax benefits,” Rainaldi said, referring to Amazon President Jeff Bezos. “I want to know who is going into that building. That doesn’t sit well.”

Under the 15-year PILOT arrangement, no taxes would be assessed during the first five years, then the tax bill would gradually rise, on a sliding scale starting at 50 percent, to the full amount, which was $2.78 million annually under the most recent rates.

Crist said one of several letters the board received raised concern about town services that would be rendered to Bluewater during those first five years. Crist said Bluewater agreed to pay 10 percent of its tax bill during those years. That drew scoffs from some in the near-capacity audience in the Town Hall meeting room.

The more than 1 million square-foot warehouse would be built on almost 190 acres south and west of the intersection of routes 17K and 747. The warehouse would create 300 construction jobs, and then about 750 permanent full-time jobs within three years – the majority of them unskilled.

mrandall@th-record.com 

usscmc

usscmc

Recommended.

Bird strike forces Boeing 747 cargo plane back to SFO

Bird strike forces Boeing 747 cargo plane back to SFO

January 5, 2020
Fickell ripped for clock management late in Peach Bowl loss

Fickell ripped for clock management late in Peach Bowl loss

January 2, 2021

Trending.

Port Delays Leave Cargo Ships Stranded off U.S. Pacific Gateways

Port Delays Leave Cargo Ships Stranded off U.S. Pacific Gateways

January 14, 2021
Top 5 Globally Recognized Supply Chain Certifications

Top 5 Globally Recognized Supply Chain Certifications

January 14, 2021
Volatile markets for vitamins, amino acids and freight set to continue into 2021

Volatile markets for vitamins, amino acids and freight set to continue into 2021

December 26, 2020
Study finds local food systems respond nimbly to COVID-19 supply chain impacts

Study finds local food systems respond nimbly to COVID-19 supply chain impacts

December 10, 2020
Huge warehouse project kicks off in southern Dallas

Huge warehouse project kicks off in southern Dallas

September 9, 2020
United States Supply Chain Management Council

Categories

  • Global News
  • Supply Chain Updates

Tags

APICS Globally Recognized Supply Chain Certifications IIPMR Certifications International Institute for Procurement and Market Research (IIPMR) ISM Next Level Purchasing Top 5 Supply Chain Certifications top supply chain certifications

Trending

Merchandise Sales and Membership Fees

Restarting the Paycheck Protection Program | Cozen O’Connor

C.H. Robinson and SAS introduce new dynamic business planning-based partnership

Procurement, Aviation , other five Ministries to be scrapped

  • Privacy Policy
  • Terms of Use
  • Antispam
  • Disclaimer
  • Contact Us

© 2021 www.usscmc.com

No Result
View All Result
  • Supply Chain Updates
  • GLOBAL NEWS
  • REGIONAL NEWS
  • Industry Buzz
  • CURRENT ISSUES

© 2021 www.usscmc.com

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.