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Council approves up to $900,000 AEDC incentive for AAA Cooper and a 3.61-acre AEDC land sale, 5-0
The council voted 5-0 on an AEDC location incentive agreement with AAA Cooper Transportation, Inc., a trucking company planning a regional hub: $15,000 per job paid over 10 years, up to $900,000, with 60 new employees projected. It also voted 5-0 to let the AEDC sell about 3.61 acres on Benchmark Street in the Centerport Business Park to Slide Mountain Properties LLC for $162,450 plus closing costs.[1][2]
Cole StanleyJosh CraftDon TippsTom ScherlenLes SimpsonAmarillo Economic Development Corporation (AEDC)AAA Cooper Transportation, Inc.Slide Mountain Properties LLC
What the sources say
- ✓ Verified
Don Tipps moved and Les Simpson seconded item 9.D, the AAA Cooper Transportation agreement: $15,000 per job created, paid over 10 years, up to $900,000, with 60 new employees projected. It passed 5-0. The memo says AAA Cooper is a division of Knight Transportation and was planning a regional hub; the AEDC board approved the agreement 5-0 on December 2, 2024.[1][2]
- Incentive
- $900,000
- Projected jobs
- 60
- ✓ Verified
Les Simpson moved and Don Tipps seconded item 9.E, authorizing the AEDC to sell about 3.61 acres on Benchmark Street in the Centerport Business Park to Slide Mountain Properties LLC for $162,450.00 plus closing and related costs; it passed 5-0. The AEDC's FY2024 audit describes the same 3.61-acre, $162,450 sale as an agreement with Pacific Cheese, and the AEDC's 2025 annual report says the land was sold to Pacific Cheese for a possible expansion of its Amarillo plant.[1][2][3][4]
- Acres
- 3.61
- Price
- $162,450
- ✓ Verified
The temporary AEDC board approved both items unanimously on December 2, 2024: the AAA Cooper agreement ($15,000 per job for up to 60 jobs over 10 years, up to $900,000) and the sale of about 3.61 acres at 1993 Benchmark Street in Centerport Business Park to Pacific Cheese for $162,450 plus closing costs.[5]
- Incentive
- $900,000
- Sale price
- $162,450