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:
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.