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Sunday, April 18, 2021

NGC Renewables project delayed, seeks City Council deadline approval

A. Lee Graham Reporter   NGC Renewables LLC is still coming to Far North Fort Worth, but site selection delays may force the city to extend the company’s facility completion deadline. The City Council takes up the issue at this week’s regular council meeting. Pre-council begins at 3 p.m. Tuesday July 9, with the regular meeting starting at 7 p.m. at City Hall, 1000 Throckmorton St. NGC Renewables, a subsidiary of China-based NGC Transmission, makes wind turbine transmission equipment. It secured a tax abatement agreement from the city in July 2012 that could potentially abate up to 80 percent of city’ property taxes on the incremental value of real and business personal property investment at the site. But delays in finalizing the site-selection process have led the company to ask the city to extend its first phase completion deadline from Dec. 31, 2013 to June 30, 2014. The company plans to construct a 120,000-square-foot North American headquarters and manufacturing headquarters at 5500 Alliance Gateway Freeway.   lgraham@bizpress.net  

 

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Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

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