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Louis Brown’s Street Smart Systems » Athens, Limestone okay incentives for steel plant
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post Athens, Limestone okay incentives for steel plant

February 7th, 2012

Filed under: News — Louis Brown @ 1:10 am

The Limestone County Commission and Athens City Council approved incentives Monday for Pennsylvania steel company Carpenter Technology Corporation, which plans to construct a facility off U.S. 31 just north of Calhoun Community College that is expected to be operational by the spring of 2014. According to the News-Courier, the commission agreed to a sales tax abatement in the amount of $8.162 million through July 2014, and a property tax abatement of more than $13.9 million over 10 years. Bernard Mara, vice president of Advanced Engineering for CTC, said ground would be broken on the plant in April.

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