Tax Abatement Entices Xpedx to move to Edwardsville, Kansas

The City Council of the City of Edwardsville, Kansas has approved the issuance of internal revenue bonds to incent Xpedx (a unit of International Paper) to move to a new site in Edwardsville.   The internal revenue bonds would allow for a 10 year, 60% real property tax abatement on the site.  As described in the Kansas City Business Journal, Xpedx currently has a distribution facility with approximately 180 employees in Olathe, Kansas.  Thomson Walker is representing the property owner in the transaction and assisted with securing the internal revenue bonds for Xpedx.

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