MENU

      Reinvestment zone created for Potter County wind farm


      P

      otter
      County has been asked to create a reinvestment zone that would allow a wind farm to come into the area.



      "

      O

      f course we are very excited about the economic impact it will have on our economy

      ,

      "


      said Potter County Commissioner Joe Kirkwood.


      I

      t is the
      High Majestic Wind II, and it will have 51 turbines capable of producing 79.6 megawatts of wind energy.



      "

      A

      megawatt is enough to power about 350 average households

      ,

      "


      said AJ Swope with Class4Winds.


      S

      o the majestic project could power more than 27

      ,000 homes.


      R

      ight now, the
      Texas Panhandle gets its power in many ways -- including from several wind farms, coal facilities and natural gas facilities.



      "

      I

      'm not specifically getting wind power at my home and you're not specifically getting coal at yours

      ," said Swope. "I

      t's a mix that we're all using."


      P

      otter
      County officials are looking into a property tax abatement to make the project a reality.



      "

      B

      asically what a tax abatement is, is an economic tool

      ," said Dave Kemp, the assistant Potter County attorney.



      "T

      he county reaches an agreement with a business and it basically says, you come in and build new construction, whatever you build that's new, ordinarily would be taxable, and for a period of time-it can't be longer than ten years-we'll give you a tax break."


      B

      ut several factors will go into
      Potter County's decision.



      "

      B

      ased on the size, we'll determine what the best tax abatement will be

      ," said Kirkwood.



      "I

      t may not be the full amount they're asking for.
      It will be based on the size and what their future plans will be."


      A

      decision will be made by the end of the month.

      component-story-more_media_horiz-v1-01
      FOLLOW US ON TWITTER