Industrial Board extends PILOT for building

Posted 8/8/13

By Jessica Moore Staff Writer At Tuesday's Industrial Board meeting, members agreed to extend the PILOT (Payment in Lieu of Taxes) agreement on the old ICP building -- which was due to expire this month -- until the first of the year. The owners of the building have been dealing with an ongoing lawsuit concerning the leasehold value tax for the last 10 years. ...

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Industrial Board extends PILOT for building

Posted

By Jessica Moore

Staff Writer

At Tuesday's Industrial Board meeting, members agreed to extend the PILOT (Payment in Lieu of Taxes) agreement on the old ICP building -- which was due to expire this month -- until the first of the year. The owners of the building have been dealing with an ongoing lawsuit concerning the leasehold value tax for the last 10 years. It was said during the meeting that the old ICP building draws more attention from industries interested in moving to Lewisburg than any other available building in town.

In other business, with the help of Jimmy Stitt, director of parks and recreation, members of the IDB are working together to combine the city park projects into one big project. They hope to update Jones Park, Harmon Park, and add a park in front of the I-65 Commerce Park on Mooresville Hwy.

Board members also reviewed the stakeholder meetings for developing the Vision Plan that took place last week. Some of the key points mentioned were the overall appearance of the town, development codes, and how to create a positive identity for Lewisburg. It was said that Lewisburg is in a great location with a great deal of scenic beauty. There was also some focus on education and workforce development and training pertaining to the jobs of today's workforce as well as jobs for the future workforce. They will have a better idea of the direction of the Vision Plan after the community meeting on Aug. 20.

The Industrial Board agreed during their meeting, as they do every year, to donate $500 to the Goats, Music, and More Festival.