The Enid News and Eagle, Enid, OK

Opinion

February 21, 2014

Tax increment district for plant makes sense as an economic development tool

ENID, Okla. — Next time you’re driving along U.S. 412 and noticing the Koch Nitrogen Plant, contemplate the huge private investment being continued on the outskirts of Enid.

Koch went before the Garfield County Commission Tuesday to get support for its plans to invest $1 billion to upgrade and expand the plant and fertilizer processing facility east of Enid.

Commissioners unanimously approved a resolution that declares their intent to consider a tax increment district, preparation of a project plan, appointing a review committee and to charge that committee with studying the eligibility and financial impact of the plan on the four taxing entities within the district.

When county commissioners meet again Monday, they will consider entering into an agreement with Koch with respect to the preliminary costs of creating the TIF.

Koch has requested the TIF district to help diminish the cost of a large construction project they have that would expand output of their current facility and reduce its daily potable water usage to about one-fifth its current level.

This TIF makes good sense as an economic development tool.

Koch’s plans increase the capacity of the nitrogen plant by 1 million tons per year.

It also will mean the largest capital expenditure in the history of Garfield County.

Officials are expecting up to 800 new construction jobs and 20 to 30 new permanent employees for the plant.

These are good jobs, and this massive investment helps diversify Enid’s economy.

Koch’s expansion means more available drinking water for the city.

Right now, the plant uses about 6 million gallons of fresh water each day.

With the planned changes, Koch can replace 5 million gallons with used, or gray water, that’s currently being treated and flows into a local creek.

Koch didn’t have to suggest this, but it’s the right thing to do.

This type of behavior explains why City Manager Eric Benson has lauded Koch as “a valued and first-rate corporate citizen.”

We’re glad the gray water switch is happening.

While Koch still is a large consumer of resources, this should improve Enid’s future water situation.

1
Text Only
Opinion
  • Jeff Mullin mug 2012.jpg David, Goliath at it again in Gaza Strip

    Israel has long seen itself as David, standing firm against a hostile neighborhood full of Goliaths.

    July 24, 2014 1 Photo

  • DHS must come up with future plans for NORCE, SORC facilities after they are closed

    NORCE is scheduled to close in August 2015. Currently, 15 residents remain at the facility, awaiting transfer to a private setting, and there also are 60 state employees on the NORCE payroll.

    July 24, 2014

  • Never leave a child or a pet alone in a car

    With temperatures soaring to near or above 100, parents need to know they can’t leave their children alone in a locked vehicle. In 10 minutes, a vehicle’s temperature can climb 19 degrees. A child’s body heats up three to five times faster than an adult’s, and it only takes a few minutes before a child can become dangerously overheated, according to Safe Kids USA.

    July 23, 2014

  • Will Rogers web.jpg Will Rogers Daily Telegrams 7-24-2014

    I am beginning to believe that Mellon is the poorest Treasurer we ever had. I would like to be Treasurer. Here would be my policy, and you see if it wouldn’t be the best thing for America:
    Save nothing, have nothing in there. Then Congress and the entire nation could have nothing in view only what they made themselves.
    A Candidate.

    July 23, 2014 1 Photo

  • Jeff Mullin mug 2012.jpg State of the state: Things are not as good as they could be

    Draper wants to split Cali up into six separate states — Silicon Valley, around the San Francisco Bay Area; Central California, including cities like Bakersfield; West California, including Los Angeles and its suburbs; South California, including San Diego; North California, centered on Sacramento and Jefferson, in the far northern part of the state.

    July 22, 2014 1 Photo

  • Voters have decisions to make in August races

    Democrats will have two runoffs to decide. One will be choosing their party’s nominee for state superintendent. Freda Deskin will face John Cox. The winner will face Republican nominee Joy Hofmeister in the November general election.
    The other race is for the party nominee to replace retiring U.S. Sen. Tom Coburn. Jim Rogers will face Connie Johnson. The winner will face Republican nominee U.S. Rep. James Lankford in November.

    July 22, 2014

  • Going postal

    Waukomis residents have the opportunity to have their voices heard in regard to the future of their post office.

    July 22, 2014 1 Story

  • New dorm

    Breaking ground on a new dormitory at Northern Oklahoma College Enid is another step in the evolution of the campus.

    July 20, 2014 1 Story

  • Jeff Mullin mug 2012.jpg Stars in our eyes

    We caught the vision when, in May of 1961, John F. Kennedy told Congress, and the world, that the space race was no longer to be so one-sided.
    “First, I believe that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the moon and returning him safely to the Earth,” he said.

    July 19, 2014 1 Photo

  • thumbs up logo.jpg Thumbs up for northwest Okla. communities, where net taxable sales figures are up

    Net taxable sales were up $1,917,774 in Enid, when compared to sales reported in July 2013. The increase amounted to a 2.6 percent increase in sales tax revenue for the city.

    July 19, 2014 1 Photo

Featured Ads
House Ads