LOCATION/TYPE

NEWS HOME

[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]


Archive
RSS

Add NWW headlines to your site (click here)

Get weekly updates

WHAT TO DO
when your community is targeted

RSS

RSS feeds and more

Keep Wind Watch online and independent!

Donate via Paypal

Donate via Stripe

Selected Documents

All Documents

Research Links

Alerts

Press Releases

FAQs

Campaign Material

Photos & Graphics

Videos

Allied Groups

Wind Watch is a registered educational charity, founded in 2005.

News Watch Home

Invenergy wants enterprise zone tax benefits 

An Invenergy representative made a pitch Wednesday to get Streator enterprise zone benefits for the second phase of the wind energy company’s La Salle County project.

Michael Arndt, senior development manager for Chicago-based Invenergy, addressed the Streator City Council in a committee of the whole meeting, outlining the rural Grand Ridge project’s second phase and explaining why the company wants that part of the project included in the Streator enterprise zone.

The first phase of the Grand Ridge wind farm, which is being constructed, includes 66 wind turbines that are included in Ottawa’s enterprise zone. About 40 of those turbines are erected and all 66 are expected to be online in October, Arndt said.

The proposed second phase calls for 100 additional wind turbines that stretch south and bring the project within two miles of Streator city limits.

“The majority of this phase is just a few miles from Streator,” Arndt said.

Construction of the second phase would begin late this year or early next year, with operation expected about a year later, he said.

The second phase of the project is expected to create 100 to 160 construction jobs for six to nine months and 15 to 25 full-time jobs, Arndt said.

Inclusion in the enterprise zone would exempt the project from sales and use taxes. Invenergy will reimburse La Salle and Livingston counties for any sales tax that is foregone as a result of being in the enterprise zone, though it likely wouldn’t be much money because most materials are purchased from out of the area, Arndt said.

Invenergy is not asking for a property tax exemption.

Ed Benner was the only council member to express his opinion about the project, saying he supports extending enterprise zone benefits to it.

A decision on the matter is likely to be made next month.

Craig Wieczorkiewicz

The Times

8 May 2008

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

Wind Watch relies entirely
on User Funding
   Donate via Paypal
(via Paypal)
Donate via Stripe
(via Stripe)

Share:

e-mail X FB LI TG TG Share


News Watch Home

Get the Facts
CONTACT DONATE PRIVACY ABOUT SEARCH
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.

 Follow:

Wind Watch on X Wind Watch on Facebook

Wind Watch on Linked In Wind Watch on Mastodon