A property tax incentive to help international construction products manufacturer CertainTeed Corp. develop a $69.3 million cross-dock facility at an Environmental Protection Agency Superfund site in Talleyrand is headed to City Council.
WJCT News partner the Jacksonville Daily Record reported the Mayor’s Budget Review Committee voted 7-0 on July 26 to file legislation to authorize a 10-year, 50% Recapture Enhanced Value Grant capped at $3.4 million for the project.
Documents filed July 21 with the budget committee show the Valley Forge, Pennsylvania-based company is considering the vacant 32.46-acre Level 2 Distressed Area at 1611 Talleyrand Ave. for a cross-dock terminal to handle raw material imports.
City Office of Economic Development Executive Director Kirk Wendland told the committee July 26 that the site cleanup, managed by the EPA, is as important as the private development.
“We do recognize there are a lot of associated challenges, and (CertainTeed) came to us to see if there is anything we can do to encourage them to continue the redevelopment of this site,” Wendland said.
Read the rest of this story on JaxDailyRecord.com.
