News
Invenergy wants wind farm included in enterprise zone
Invenergy informally approached Streator about extending the city's enterprise zone to encompass a proposed addition to the company's wind farm project, City Manager Paul Nicholson said Thursday.
Invenergy currently is constructing a 66-turbine wind farm covering nearly 6,000 acres in Brookfield, Allen and Grand Rapids townships. The firm wants to eventually add another 167 turbines, which it hopes would be eligible for enterprise zone benefits.
Being part of the enterprise zone would result in sales tax abatement for the company. Invenergy wants the benefit only during the construction phase of the proposed project addition and would relinquish it once the turbines are operational, Nicholson said.
March 14, 2008
by Craig Wieczorkiewicz
in The Times
Invenergy informally approached Streator about extending the city's enterprise zone to encompass a proposed addition to the company's wind farm project, City Manager Paul Nicholson said Thursday.
Invenergy currently is constructing a 66-turbine wind farm covering nearly 6,000 acres in Brookfield, Allen and Grand Rapids townships. The firm wants to eventually add another 167 turbines, which it hopes would be eligible for enterprise zone benefits.
Being part of the enterprise zone would result in sales tax abatement for the company. Invenergy wants the benefit only during the construction phase of the proposed project addition and would relinquish it once the turbines are... [continue via Web link]
Filed under
:
Tax Breaks & Subsidies
:
Illinois
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