According to LancasterOnline, Lancaster County commissioners Wednesday approved creating a Keystone Opportunity Zone at the site across the street from the Urban Outfitter’s facility on Brackbill Road and Route 30 in Salisbury Township.
Under the terms of the Keystone Opportunity Zone (KOZ) designation, Urban Outfitters’, who owns the property, wouldn’t “have to pay a host of local and state taxes for 10 years.” Instead, according to the article, UO would make payments in lieu of taxes to Salisbury, Pequea Valley School District and the county.
The money quote from the LancasterOnline article announcing the designation:
“We are extremely excited about the potential project,” said David Ziel, chief development officer of the Philadelphia-based specialty retailer. He also credited local officials for their help.
Salisbury’s tract is the lead contender of several the company is considering, he said, adding that the existing distribution center in the township is its most productive.
“We are very, very anxious and hopeful that we get to be a continued partner for a long, long time to come,” he said.
Read the entire LancasterOnline article here.