Lytle council approves Project Cinco 80% tax incentive

By Anton Riecher
An 80 percent tax abatement on real and personal property associated with the proposed Project Cinco hyperscaler data center located in the city of Lytle’s extra territorial jurisdiction was unanimously approved by the Lytle City Council Monday.
J.P. Newmann, representing Rowan Digital Infrastructure, issued the following statement after the vote.
“Rowan’s Cinco Project represents a transformational investment in the Lytle community, and we are thrilled by the city council’s vote of confidence in our project,” said Martin Romo, senior director of economic development and external affairs. “With this approved agreement, Rowan looks forward to continuing our work with local leaders to redefine digital infrastructure development and unlock tens of millions of dollars in direct economic benefit to this community.”
On a motion by District 3 Alderman David Emery, seconded by District 4 Alderman Michael Rodriguez, the council voted 5-0 to approve the abatement agreement.
However, Emery asked that the city’s legal staff review the abatement agreement before final action to make certain any reference to an original request for a 100 percent tax abatement on personal property be removed from the final document.
The abatement agreement covers the first 10 year of operation…LOGIN TO CONTINUE READING at www.devinenewsmembers.com. You will get instant access to our full E-edition, and begin getting the newspaper delivered to your home next week for $36 a year in Medina County. Support important local city, county, and school news like this!