- Associated Press - Tuesday, June 23, 2015

EUGENE, Ore. (AP) - More time has been issued for Eugene officials to decide on a tax break request for Weyerhaeuser Co.

The Eugene Register-Guard reports (https://bit.ly/1IwzK3m ) on Monday, the City Council delayed a work session on Weyerhaeuser’s application for a three-year exemption from property taxes on the $55 million modernization of its veneer lumber plant.

The three-year break for the Washington-based company could save it more than $2 million.

Companies that invest in new plants or equipment and boost employment by 10 percent can qualify for three years of property tax breaks. Weyerhaeuser executives asked city officials for the waivers even though it hadn’t met the required employment boost.

According to the company, they employ about 210 people at the plant.

The council hasn’t yet set a new date for the work session.

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Information from: The Register-Guard, https://www.registerguard.com


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