Students Lions claw earn way to victory awards against PAGE 3 Wampus Cats SPORTS 7 75¢ DurantDemocrat DURANTDEMOCRAT.COM THURSDAY, NOVEMBER 29, 2018 Tax incentive plan gets go ahead Job growth touted by majority, Grube says this is not the right time BY MICHAEL CLEMENTS ish-based industrial tubing allows for the Durant Industrial
[email protected] manufacturer, plans to invest Authority to issue bonds. between $40 and $62 million in “If they issue bonds and the During a public hearing Tues- Salem Tube, a company project- company folds, who’s going to day night, the Durant City Coun- ed to employ up to 140 people pay those bonds?” Masoner cil approved Tax Increment with an average annual salary of asked. Financing for Salem Tube on a $55,000. Dan Batchelor, an attorney 4-to-1 vote with Councilmember The hearing was the final with the Center, said that lan- Oden Grube casting the only no. chance for residents to hear de- guage was included in the TIF or- “Unemployment is the lowest tails of the TIF plan and ask dinance to allow for the issuance it’s been in 50 years. The Choc- questions. Jean Masoner, of Du- of bonds if necessary. Batchelor taws will be hiring 1,000 workers rant, asked about debt that may said the plan is for there to be no and can’t find people to fill those be associated with the plan. In debt. However, he said it’s impos- jobs,” Grube said. “I’m definitely previous meetings, representa- sible to plan for every eventual- for economic development.