Tomorrow night, the New Albany City Council will debate two tax abatement requests.
The first abatement would be for a $6.5 million investment in a new building in the Grantline Industrial Park West. The building would be approximately 112,500 square feet, and will be developed by The Carlisle Family, LLC.
The Carlisle Family LLC was formed in 1989 and is an investment and real estate development company. This building will be their fourth property in New Albany.
“We are very pleased to continue our investment in New Albany,” stated Van Carlisle of The Carlisle Family, LLC. “We are very excited that Fire King is the anchor tenant in the new multi-tenant building that we are developing.”
After development of the building finishes, Fire King International LLC will invest $2.2 million worth of manufacturing and IT equipment into the location, and will seek a personal property tax abatement on that equipment from the City Council. This abatement would last for 5 years, and would assist in new manufacturing, research, development, and logistical distribution equipment. Fire King plans to add 50 new positions at this location over the next five years, totaling nearly $1.9 million in salaries. The new Fire King location will serve as a distribution center for Fire King International LLC.
“Fire King International LLC, continues to be one of our best employers and we are happy to assist them in any way,” stated David Duggins, Director of Economic Development and Redevelopment with the City of New Albany. “The Redevelopment Department was able to help invest in utility infrastructure to ensure the project of this magnitude came to fruition, and we worked at a fast pace to ensure we could break ground this construction cycle.”
“We welcome the expansion of a long-term employer and manufacturer here in New Albany. We are happy to assist them, and welcome them to the new industrial park,” stated Mayor Jeff Gahan.