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Cedar Falls OKs tax break for John Deere project

by KIX101.1 /1230 KFJB News Department posted Jul 8 2014 10:51AM

CEDAR FALLS, Iowa (AP) — The City Council has approved a tax break for John Deere's $27.8 million expansion project in Cedar Falls.

The five-year property tax abatement was approved at Monday night's meeting, following a public hearing.

Director of Developmental Services Ron Gaines says the city issued a building permit on June 24 for an addition that is expected to have a valuation of about $9.5 million.

John Deere's Chris Meyers says the expansion will provide nearly 62,000 square feet of additional space and improvements to the existing engineering center's infrastructure.

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Location : Iowa
07/08/2014 10:46AM
Cedar Falls OKs tax break for John Deere project
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