Subsidy Tracker Individual Entry

Company: 
General Motors
Parent Company: 
General Motors
Subsidy Source: 
local
Location: 
Kansas
City: 
Kansas City
Project Description: 

automobile assembly plant

Year: 
1985
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
Subsidy Value: 
$136,000,000
Program Name: 
property tax abatement
Awarding Agency: 
Kansas City
Type of Subsidy: 
MEGADEAL
Capital Investment: 
$750,000,000
Source of Data: 

The estimated value of the property tax abatement and the investment projection came from: Leslie Eaton, "Kansas City, Kan., Plans $775 Million of Taxable Debt for General Motors," The Bond Buyer, May 7, 1985.

Notes: 

The city agreed to issue $775 million in taxable debt to enable General Motors to qualify for the property tax abatement. The estimate of the abatement's value was for a ten-year period. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.