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Caterpillar seeks tax abatement for Franklin plant

IBJ Staff
September 13, 2010
Keywords
Economic Development Incentives, Expansion, Facilities, Factories, Franklin, Johnson County, Manufacturing & Technology, Tax Abatements
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A division of Peoria, Ill.-based Caterpillar Inc. is asking the city of Franklin for a 10-year tax abatement to offset costs related to a $13.6 million investment in local operations.

Summerville, S.C.-based Caterpillar Reman Powertrain said in a city filing that the abatement request is related to new equipment and the expansion of a production line to prepare for additional work, according to Franklin Planning Director Krista Linke.

The company, which refurbishes and restores used machinery, said in the request that the abatement will help retain 338 workers at the plant, Linke said. The Franklin City Council could approve the request at its meeting Sept. 20.

The expansion will be phased in over the next three years, ending in 2013.

Cat Reman operates facilities in the United States, United Kingdom, Europe, Asia and Mexico, and is one of the world’s largest remanufacturers, according to Caterpillar’s website.
 

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  • No
    donnie harold harrisSeptember 13, 2010 5:47 PM
    It takes a group to save one man,no one man should have to save a group,threw his personal tax.
    Reply to CommentFlag Comment

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  1. First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.

  2. I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.

  3. Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??

  4. On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.

  5. It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.

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