#FranklinIndustrial
The commission has just approved a groundbreaking PILOT agreement that transforms the former Toyota site into a hub for industrial development while safeguarding school funding.

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#FranklinSimpsonCounty #KY #TaxPolicy #FranklinIndustrial #CitizenPortal #EconomicDevelopment
Commission approves PILOT resolution to aid industrial redevelopment of old Toyota site
The commission approved Resolution G 2026 authorizing a payment-in-lieu-of-taxes (PILOT) agreement with Ashgrove Real Estate Holdings LLC and GeoQuest to support an industrial redevelopment of the former Toyota property; the agreement preserves school tax revenue while enabling industrial revenue bonds.
citizenportal.ai
August 27, 2026 at 10:27 PM