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Oct 2, 2017

El Paso High-Rise Project Securing Additional Incentives

Just days after a proposal to build a $70 million multi-tenant tower in downtown El Paso won tax incentives worth $15.3 million, the project is in line to receive another $2.7 million in El Paso County incentives.

The El Paso-based Hunt Companies and West Star Bank, also of El Paso, want to build a 14-story structure on the current site of a parking lot at 601 N. Mesa Street.

Although the El Paso City Council gave its approval to a $15.3 million incentives package for the project, which will see the construction of some 200,000 square feet of office space, it was reported that the addition of the county incentives was crucial to getting the project off the ground.

The county incentives package is expected to be finalized by members of the El Paso County Commission later this month.

 

By Garry Boulard

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