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Council approves six-year, 60% tax abatement for Encompass Health rehabilitation hospital, 4-0
AEDC President and CEO Kevin Carter presented a tax abatement agreement among the City, Encompass Health Texas Real Estate, LLC, Encompass Health Rehabilitation Hospital of Amarillo, LLC and Parkwest Corporate Center, Ltd. for a rehabilitation hospital on about 7.29 acres at Wallace Blvd. and Gentry Dr. in Reinvestment Zone No. 14. The council approved it 4-0. The agreement abates 60% for six years and expects 90 new full-time jobs within 24 months.[1][2][3]
Freda PowellCole StanleyEddy SauerHoward SmithKevin CarterAmarillo Economic Development Corporation (AEDC)Encompass Health
What the sources say
- ✓ Verified
Councilmember Sauer moved and Councilmember Smith seconded to approve the tax abatement agreement between the City and Encompass Health Texas Real Estate, LLC, Encompass Health Rehabilitation Hospital of Amarillo, LLC and Parkwest Corporate Center, Ltd. It passed 4-0 (Powell, Stanley, Sauer, Smith).[1]
- ✓ Verified
The agreement covers 7.29 acres at Wallace Blvd. and Gentry Dr. in Reinvestment Zone No. 14 and abates 60% for six years, with 90 new full-time jobs expected within 24 months. NewsChannel 10 reported (projections) a $26 million facility with a $5.4 million annual payroll.[2][3]
- Abatement
- 60%
- Abatement years
- 6
- Projected jobs
- 90