The Terre Haute City Council on Thursday confirmed $4.4 million in tax breaks for $48 million in investments that businesses say will create or retain 158 jobs.
• The largest of three projects receiving property tax abatement is a $39 million expansion of the GATX Corp. rail car maintenance facility at 44 Maple Ave. The company says the project will create its first major service center in the Midwest and will retain 23 positions and create 55 new jobs, mostly welders.
Abatements on real and personal property will total an estimated $3.9 million over 10 years. The company will pay a projected $3.5 million in taxes during the period.
• Tri-Aerospace plans a nearly $8 million investment in new equipment it says would result in 22 new jobs paying a collective $1 million per year while preserving 38 jobs with total annual payroll of $1.7 million. The company projects its 10-year personal property tax abatement would total $378,000, leaving $314,000 to be paid.
• Priser Properties plans a $900,000 investment in a new 13,000-square-foot office and warehouse building in the 1000 block of Wabash Avenue to serve Lee Equipment Co.. which handles school equipment, furniture and design.
The project, on the site of the former downtown Arby’s restaurant, will create two new jobs with combined salaries of $100,000 and retain an estimated 28 jobs with total annual payroll of $2.1 million. An additional 34 union carpenters, 18 full-time and 14 parttime, work for the company on projects throughout Indiana, said Lou Britton, Priser’s attorney.
Tax abatements for an eight-year period amount to just over $90,000, leaving about $126,000 to be paid.