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.
