Clinton County supervisors are considering a deal that would rebate property taxes to the new owners of Ashford University's former campus.
Auditor Eric Van Lancker says this morning, the board listened to representatives of Clinton Catalyst as they proposed an agreement with the developers, the city, and county.
An education company based in China would like to open an academy in Clinton, and Clinton Catalyst is asking the county for financial incentives. Specifically, it's asking for tax abatements based on how many employees and students come to live, work, and go to school on the former college campus. The students would also attend Clinton High School.
The developers say the campus buildings could remain empty or have a role to play in attracting employees and students to the community. And Clinton Catalyst estimates the academy could give Clinton a $16 million economic boost over five years.
Van Lancker says the Chinese education company is not an upstart. It owns and operates three successful academies in China and two in England.
Clinton County staff will evaluate the proposal and work with the developers on details. And the board of supervisors may vote on a final proposal next month.
Catalyst Faq by Michelle O'Neill on Scribd
STEM Academy Economic Impact Analysis by Michelle O'Neill on Scribd
