When city officials approved the Google data center for southeast Fort Wayne, they agreed to a somewhat unusual tax abatement. Fort Wayne community development director Jonathan Leist explains;
“We knew we were up against some other locations, some other states, so we wanted to be competitive. And so rather than our traditional phase in which has a lower amount in the beginning of taxes paid and a higher amount abated, the company, they were comfortable, and we were comfortable with a 50% kind of across the board, which actually ends up being about the same amount as you would get on a 10 year.”
That means that in the year 2025, it changed how the property was evaluated and Google is expected to pay $1 million in property taxes this year. In an area of the city that’s already facing a $3 million cut in city investments, that $1 million is significant…