FedEx Exploring Millions In Tax Exemptions, Public Funds For Allen Township Megahub

Map of Pennsylvania highlighting Northampton C...

Map of Pennsylvania highlighting Northampton County (Photo credit: Wikipedia)

FedEx has explored pursuing $25.3 million in tax exemptions for the massive distribution plant it is considering building in Allen Township.

The international shipping company has projected $2.53 million in annual tax breaks between 2017 and 2026 if a special tax zone is established on the 253 acres, according to company documents obtained by lehighvalleylive.com.

But those exemptions would require the creation of a Local Economic Revitalization Tax Assistance — or LERTA — zone, which would require approval from the township, county and Northampton Area School Board.

FedEx spokesman David Westrick declined to comment on the Allen Township proposal because the project is still only under consideration by the company.

Read more: http://www.lehighvalleylive.com/breaking-news/index.ssf/2014/02/fedex_exploring_millions_in_ta.html

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Lehigh Valley Airport Sells Land For $9.6 Million

Aerial photo of Lehigh Valley International Ai...

Aerial photo of Lehigh Valley International Airport (IATA: ABE, ICAO: KABE) in Hanover Township, 2005 (Photo credit: Wikipedia)

Lehigh-Northampton Airport Authority agreed Tuesday to sell 253 acres of surplus airport property to the Rockefeller Group so that it can be developed into a massive Fed-Ex Ground warehouse that could employ more than 1,000 people.

It’s a deal that could solve many of the airport’s financial problems, but it also comes with some risks. The money could take as long as two years to come, while the airport needs as much as $5 million of it by the end of next year. And if Fed-Ex decided against building in Allen Township, the airport could end up getting nothing.

In a separate move, the authority also gave Rockefeller the first option to buy another 281 acres, and encouraged the airport staff to begin negotiating to sell another 298 acres to local developers that include Lehigh Valley Industrial Park Inc.

“We know the clock is ticking and we have a [financial] gun to our head,” said authority chairman Tony Iannelli. “But this [project] is for real. We’ll all be keeping our fingers crossed.”

Read more: http://www.mcall.com/news/breaking/mc-allentown-airport-authority-meeting-20131022,0,881921.story#ixzz2iUfo7CgL
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