Klas Properties wants tax incentives before redeveloping the former Cooper Motors building; the move is expected to bring an estimated 30 to 40 jobs to the area.
The city of Stevens Point will begin negotiating with the owner of the former Cooper Motors building for tax incentives "as soon as possible," Mayor Andrew Halverson said.
Klas Properties asked the city's Finance Committee on Monday for $750,000 in tax breaks to help develop a 20,000 square foot building at the former auto dealer site, 532 Division St., to house medical professionals. The committee went into closed session after the meeting and was mum on what was discussed.
Klas is planning on spending $3.1 million on the project, but needs the $750,000 to make the redvelopment happen, Klas ...