Incentives follow the equipment and the jobs; the building is the smallest line in the budget.
This updates our Oct. 3 Signal: the council has now approved the incentive package.
The refund covers up to 65% of the plant's property taxes for a decade.
Construction spending of $31.1M is due by the end of 2027; equipment of $161.6M follows by 2031.
The city's $32-per-dollar return figure is its own estimate and was not independently verified.
Plant square footage and the vote date were not stated.
Implications
Incentives follow equipment and jobs, not land. For landowners and brokers courting advanced manufacturing, the real estate is the smallest line in the budget, and the other two sites are still the competition.
Flags: Update to the Oct. 3 Signal; new material data is the approval, the $6M value and the capital schedule. The $32 return is a city estimate. Shares of the commitment and the 3% ratio are CRE360 derivations.
Related coverage
Key Takeaways
- Incentives follow the equipment and the jobs; the building is the smallest line in the budget.
- Equipment is about 84% of the commitment; the building is about 16% (derived)
- The abatement equals roughly 3% of the investment (derived)
CRE Daily, Fort Worth Trades a Decade of Tax Relief for a $192.7M Harting Plant, Oct. 7, 2026
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