Thursday, February 22, 2024
spot_img
HomeGADGETSELECTRONICSLane County settles tax dispute with manufacturer, reviving hopes for idled electronics...

Lane County settles tax dispute with manufacturer, reviving hopes for idled electronics factory

Hynix spent $1.5 billion on a computer chip factory that opened in Eugene in 1998. It closed 10 years later and has been idle since 2008. (File photo)Rob Romig/The Register-Guard via AP

Lane County has settled a property tax dispute with a company hoping to reopen a huge electronics plant in Eugene, clearing a path to restart production there as early as this fall.

The tax dispute had threatened to add millions of dollars to annual operating costs for an Ohio company called Stratacache, which bought the factory and its 200-acre site four years ago. Stratacache said the dispute could have blocked plans to reopen the plant, which has been closed since 2008.

If you purchase a product or register for an account through a link on our site, we may receive compensation. By using this site, you consent to our User Agreement and agree that your clicks, interactions, and personal information may be collected, recorded, and/or stored by us and social media and other third-party partners in accordance with our Privacy Policy.

 

Post Disclaimer

The information provided in our posts or blogs are for educational and informative purposes only. We do not guarantee the accuracy, completeness or suitability of the information. We do not provide financial or investment advice. Readers should always seek professional advice before making any financial or investment decisions based on the information provided in our content. We will not be held responsible for any losses, damages or consequences that may arise from relying on the information provided in our content.

RELATED ARTICLES

Most Popular

Recent Comments

error: Content is protected !!