A project code-named 'Project Holly' is seeking a partial property-tax break for an $8–10 million Terre Haute investment
Who it touches: A property-tax abatement means the county, city, and schools collect less from this property for a period of years, so this affects the local tax base — and because the project site is within Terre Haute city limits, the final decision will be made by Terre Haute City Council, not the county commissioners.
Interim Terre Haute Economic Development Corporation president Jonathan Blake told the commissioners that a project referred to as "Project Holly" is still working through its internal process before committing, but would bring roughly $8 to $10 million in property investment — buying property, building a facility, and outfitting it with equipment — plus another $40 to $50 million in personal property.
He said the company is not asking for an abatement on that personal-property investment, only a partial, stepped abatement on the real-property investment, not a full break for all 10 years.
Sources
Outcome
Not decided — still needs approval from Terre Haute City Council
Not decided. The abatement request still needs to go before Terre Haute City Council.
This summary was drafted with AI assistance and reviewed by an editor against the recording and documents linked above. Nothing publishes without a resolvable source.