Two local governing bodies are now considering incentives to bring a $10 billion dollar manufacturing plant to the RELLIS campus.
The Bryan city council’s agenda for next Tuesday (June 18) includes meeting behind closed doors to deliberate an undisclosed property tax abatement and other economic incentives for an unidentified company. The location was only identified as the RELLIS reinvestment zone that was created by the council last month. The council has the option of taking action after next Tuesday’s executive session.
This follows a notice on Brazos County’s website that county commissioners on July 9th will consider a property tax abatement agreement with a company called America’s Foundry Bryan LLC.
The notice says on 288 acres in the newly created RELLIS reinvestment zone, the company would spend at least $5 billion dollars to build one or more manufacturing plants and other buildings and ancillary facilities.
And the company would spend at least $5 billion on machinery, equipment, and other tangible personal property.
County judge Duane Peters and Bryan mayor Bobby Gutierrez told WTAW News that they can not release details because they signed a non disclosure agreement.
A third local governing body, the Bryan ISD school board, has on its agenda for its next meeting next Monday (June 17), a continuing discussion titled “Consultation with Attorney to Discuss Legal Requirements and Financial Terms of JETI Tax Incentive Program”. The applicant or any other information about the proposed break in property taxes was not disclosed.
