Cedar Falls OKs tax break for John Deere project

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CEDAR FALLS, Iowa (AP) — The City Council has approved a tax break for John Deere's $27.8 million expansion project in Cedar Falls.

The Waterloo-Cedar Falls Courier says (http://bit.ly/1zmm8X0 ) the five-year property tax abatement was approved at Monday night's meeting, following a public hearing.

Director of Developmental Services Ron Gaines says the city issued a building permit on June 24 for an addition that is expected to have a valuation of about $9.5 million.

John Deere's Chris Meyers says the expansion will provide nearly 62,000 square feet of additional space and improvements to the existing engineering center's infrastructure.

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Information from: Waterloo-Cedar Falls Courier, http://www.wcfcourier.com

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