Wilson Dixie Cup Plant Could Have New Life
School board narrowly approves plan to put 'iconic' Wilson factory on the state's KOZ list.
A controversial $50-$60 million plan to renovate the Dixie Cup factory narrowly secured consent from Wilson Area School Board at Monday night’s regular meeting. District officials have struggled to decide whether or not to green-light the proposed Keystone Opportunity Zone, or KOZ, at the prominent but long-blighted site. In the end, they voted 5-4 to approve it. “It will be an asset to the community as an iconic building,” co-owner Joseph Reibman argued before a divided school board. The state-administered, competitive KOZ program offers tax relief to residents and businesses as a way to spur development of older, qualifying properties; with the Dixie Cup factory, an estimated $680 million in school tax revenues over 10 years is at stake…
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Bill Broun
9:58 am on Thursday, December 6, 2012
@joan. Just to add: According to Reibman, some of the tax-break incentives sought require that certain historical aspects of the building are preserved. The windows, for example, will be very pricey specialized items. Seems unlikely that Dixie Cup apartments will be downmarket, but who knows? more ›