WHEELING Ohio County commissioners tabled action regarding a mechanism to fund a second interchange at The Highlands after nearby residents voiced concerns Tuesday night. Commissioners are seeking to establish a second tax increment financing (TIF) district adjacent to The Highlands that would join one already established there, and produce property tax revenue for the […]
PILOT agreements with Longview Power up for vote this week By
December 13, 2020 - 8:40 pm
MORGANTOWN, W.Va. Payment in lieu of tax agreements (PILOT) between Monongalia County and Longview Power is scheduled for a vote Wednesday at the Monongalia County Commission meeting.
The two agreements cover the $1.1 billion addition of a 1,200-megawatt combined cycle gas turbine and a solar field that will generate another 70 megawatts of power at the plant near Morgantown.
Sean Sikora
Monongalia County Commissioner Sean Sikora said the county is using lessons learned from the 2003 agreement with Longview to make this one more equitable for the citizens of the county. The new agreements have been written to allow the county to keep more of the $58.2 million over the next 30 years than the first PILOT arrangement,” Sikora said.
Posted by mikenolting on
MORGANTOWN, W.Va. – Payment in lieu of tax agreements between the county and Longview Power are nearing final approval. Commissioners are scheduled to vote on the agreements at the December 16 meeting.
The two agreements cover the $1.1 billion addition of a 1,200 megawatt combined cycle gas turbine and a solar field that will generate another 70 megawatts of power.
The commission used lessons learned from the 2003 agreement to make this one more equitable for the citizens of the county , according to commissioner Sean Sikora. The new agreements have been written to allow the county to keep more of the $58.2 million over the next 30 years than the first PILOT arrangement.