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Friday, March 14, 2008

The Allen Group Looking at Sweet Heart Tax Abatement in Kansas

If you have a new distribution center being installed and you are not in Kansas, then you may not be too happy.   The Allen Group doesn't have this problem as they are looking at getting a 10 year abatement of 85% on property taxes for their future 12 million square foot facility. 

The Gardner City Council has endorsed an extraordinary property tax abatement for a proposed logistics hub that could be built next to an intermodal distribution center BNSF Railway Co. is building in the city.

Property taxes on the proposed hub's development by The Allen Group would be cut by 85 percent for 10 years. The city's usual abatement is 50 percent for 10 years.

The Allen Group projects building as much as 12 million square feet of warehouses.

Gardner OKs abatement for logistics hub

That's a sweet heart of a deal, especially if you consider the average life expectancy on a distribution center is less than 10 years.  That means that The Allen Group may never have to pay a full rate of property taxes before they build again.

If fighting cancer was as easy as getting tax breaks for building distribution centers, we'd have been cancer free decades ago instead of puttering around with antioxidant supplements and other procedures.