- Associated Press - Thursday, January 7, 2016

NORMAL, Ill. (AP) - McLean County and Mitsubishi Motors North America have agreed on a value of the automaker’s facilities in Normal for tax reasons.

A final agreement is pending, but Mitsubishi’s plant will be valued at $5.9 million for two years and its warehouse at $1.1 million for three years. That’s according to stipulations filed with the county on Wednesday.

Mitsubishi ended production in November in Normal and the facility will shut down in May. The company had asked the county for reduced assessed values on its properties.

The (Bloomington) Pantagraph reports (https://bit.ly/1SCoYBv ) that taxing bodies could lose about $195,000 a year.


Information from: The Pantagraph, https://www.pantagraph.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide