[CPEO-BIF] Slocomb National Bank, Dothan, Alabama

[Lenny Siegel <lennysiegel@gmail.com>]

Brownfield project moves forward

By Debbie Ingram
Dothan Eagle (AL)
May 23, 2008

City officials approved the state's first Brownfield redevelopment site 
earlier this week for Slocomb National Bank, which is building a branch 
at the site of an old gas station at Ross Clark Circle and West Main Street.

Next Tuesday, Houston County commissioners will vote on granting the 
same 20-year ad valorem and sales tax abatement to the bank under the 
Brownfield Development Tax Abatement Act of 2004.

When the redevelopment or reuse of a property may be complicated by the 
presence of hazardous substances, pollutants or contaminant, it is 
considered a brownfield. The tax abatement allows an abatement on local 
sales taxes, except for the educational portion, and ad valorem taxes, 
except for the educational portion.

...

For the entire article, see
http://www.dothaneagle.com/dea/news/local/article/brownfield_project_moves_forward/18388/

--


Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org



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