Bexar gives ini­tial OK to Okin in­cen­tives

Deal would ex­empt com­pany’s per­sonal prop­erty, equip­ment from taxes

San Antonio Express-News - - OTHER VIEWS - By Joshua Fechter

Bexar County com­mis­sion­ers gave ini­tial ap­proval to a tax in­cen­tive pack­age worth about $538,000 for Euro­pean com­pany Okin BPS to build its planned U.S. head­quar­ters on the South Side.

The Euro­pean com­pany’s North Amer­i­can head­quar­ters is ex­pected to cre­ate more than 1,400 jobs in San An­to­nio and a cap­i­tal in­vest­ment of about $23 mil­lion to the Brooks mixed-use devel­op­ment.

“This is a game changer, I

om­ing-based Bridger Pipe­line.

Like­wise, Phillips 66 has sched­uled its planned Red Oak Pipe­line for com­ple­tion in late 2020. Red Oak would trek from the stor­age and trad­ing hub in Cush­ing to re­finer­ies and ports in Hous­ton, Beau­mont and Cor­pus Christi. The pipe­line would move 400,000 bar­rels a day.

Phillips 66 has in­creas­ingly

Cour­tesy il­lus­tra­tion

Okin BPS is plan­ning to build its North Amer­i­can head­quar­ters at the Brooks mixed-use devel­op­ment on the South Side. The head­quar­ters is ex­pected to cre­ate over 1,400 jobs here.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.