The Abilene City Commission approved four tax incentives. The commission approved on a 5-0 vote the creation of a Community Improvement District of 2 percent for 22 years, Industrial Revenue Bonds for a sales tax exemption for project materials, Industrial Revenue Bonds for a 100 percent property tax exemption for 10 years and 3 percent of the 8 percent transient guest tax. The new hotel will be built just north of the current Holiday Inn Express on Lafayette Avenue which is just north of Interstate 70. The new hotel will create 35 new jobs.
