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Flagged · UnverifiedCity Council · Jul 9, 2026

EDC says it's dropping automatic 10-year tax abatements — and a $30-50 million project is headed to council soon

Verification status

Flagged — not yet verified. We have not been able to confirm part of this item against the record. We publish the flag rather than sit on the item; check the source yourself below.

Who it touches: It affects taxpayers who would absorb any abatement council eventually grants, since Project Holly and any incentive request tied to it is expected to come before this same council in the coming months.

The mayor told council. 1:11:20 — open the recording, cued to 1 hour 11 minutes 20 seconds

He previewed "Project Holly," a commercial and industrial machinery company weighing Terre Haute against seven other communities for a project involving $30 to $50 million in equipment, 25 to 35 jobs, and an average wage of $31.64 an hour — figures the company itself has not yet finalized. 1:10:49 — open the recording, cued to 1 hour 10 minutes 49 seconds

More from the record

Outcome

No abatement was voted on; this was a briefing, and a formal request is expected in the coming months

No abatement was voted on tonight; this was a briefing on the EDC's process and an early look at a project still being evaluated.

Briefing framing — cued to 1:10:37 (1 hour 10 minutes 37 seconds)

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