Greenville County Council is set to vote Tuesday night on a tax break for a development that could bring 600 jobs to the county.
Called “Project Hands” in disclosure of the council’s agenda, the project would invest $95 million in Greenville County, but the company that’s behind the project, exactly what it is to be and where it is to go have thus far remained unknown to the general public.
The deal is a fee-in-lieu of tax agreement, meaning the company will pay the county a fee instead of the property tax it would pay on the development — with the idea that the creation of jobs and investment in Greenville County has a comparable public benefit to that of the taxes.
If approved Tuesday night, the project would need to win one more vote to earn final approval.
To establish the company’s tax break, a millage rate of 326.6 will be applied against the property’s taxable value to determine the fee the company will pay over the next 30 years, according to the terms of the deal. The agenda posted for County Council before Tuesday’s night’s meeting did not reveal the amount of land, the location or its value.
County Councilman Dan Tripp, the councilmember set to present the project and council’s finance committee chairman, did not immediately return a phone call Monday requesting more details about the project.
The story will be updated. Check back for more.
Genna Contino covers Greenville County and housing for The Greenville News. Contact Genna at firstname.lastname@example.org or on Twitter @GennaContino. Subscribe to The Greenville News at greenvillenews.com/subscribe.