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Wednesday, November 15, 2017

School Districts Approve Tax Abatement for Natural Gas Pipeline

From the Star Beacon:
Two school districts in northeast Ashtabula County have approved 15-year tax abatement packages that will assist a $70 million natural gas pipeline construction project scheduled to start next year. 
At separate meetings last week, members of the Conneaut and Buckeye Local school boards accepted plans on behalf of RH Energytrans LLC of Erie, Pennsylvania, that would abate 75 percent of the property tax the districts would collect from the project over a 15-year period. Even when the abatement is applied, the districts will still see annual tax revenue gains approaching $100,000, officials said. 
At issue is a 30-mile stretch of new pipe that would originate in western Pennsylvania, pass through a portion of Conneaut and end at a location in North Kingsville, said Dennis Holbrook, a company spokesperson. As planned, the 12-inch pipe would be attached to an existing stretch of line, creating a 60-mile transport system, he said.

The new pipe would be evenly split between the two states, Holbrook said.
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