Council reviews proposed LERTA schedule for warehouse development on Pocono Star Boulevard.
TabledProposed LERTA schedule for warehouse development promotes long-term revenue benefits and mutual benefits between the tenant and the Borough.
The proposed LERTA schedule aims to promote long-term revenue benefits and mutual benefits between the tenant and the Borough. The schedule proposes a 50% abatement in the first year of imposition of the property tax on the finished building, decreasing by 10% every two years thereafter.
A proposed tax abatement plan to promote the development of Class A warehouse buildings in the Mount Pocono area.
High-quality, fully occupied warehouses that remain desirable for occupancy after expiration of LERTA abatement.
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