Dec 15, 2018

Fort Smith budget includes pay for Chaffee Crossing development incentives


The City of Fort Smith 2019 budget includes payment for Chaffee Crossing development incentives related to donated land for past industrial projects.

Fort Smith will pay about $131,000 in 2019 to the Fort Chaffee Redevelopment Authority as part of incentives that brought companies to the city.

 

FCRA donated land to Graphic Packaging, Mars Petcare and Umarex USA when the three businesses wanted to relocate to Fort Smith. In return, the city and Sebastian County pay a certain amount of money or a portion of the estimated revenue from the general property taxes paid by the companies, according to the contracts provided to the Times Record.

 

Click here to read the full Times Record article. 

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