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GREDCO asks elementary school board for tax abatement

Posted: Monday, Mar 18th, 2013

Greater Rochelle Economic Development treasurer Dale Myers spoke to Rochelle Elementary District board members Monday night about creating a property tax abatement for the Rochelle golf course. (Photo by Eric Chalus)

ROCHELLE — On Monday, the Rochelle Elementary Board of Education heard updates on the new Lincoln School construction project as well as the May School Geothermal Mechanical System, but it was a request from Gredco was the main focus.

The proposal Gredco issued was for property tax abatement for the Rochelle golf course that Gredco plans to manage and operate for the City of Rochelle and the Flagg-Rochelle Community Park District, who may purchase the 73.5-acre facility at $400,000 each.

“We have never come to anyone asking for money back,” said Dale Meyers, Gredco treasurer. “But we are about to attempt something we have never done before, and we are coming to you asking for your help.”

For the complete article see the 03-17-2013 issue.

Click here to purchase an electronic version of the 03-17-2013 paper.

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