WACO - Allergan is up for a record amount of economic development incentives to expand its Waco plant, but local officials said they didn’t hesitate to make the offer.
Waco City Council signed off on a tax deal unprecedented in size and length for this community—worth $13 million over 20 years for the $177.6 million plant expansion.
McLennan County commissioners in June will consider a similar deal worth $8.1 million over 20 years.
See previous story Allergan coughs up $200M for 322,000-SF expansion in Waco.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.