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Cedar Falls OK's Tax Breaks for Deere

CEDAR FALLS, Iowa (AP) -- The City Council has approved a tax break for John Deere's $27.8 million expansion project in Cedar Falls.
   The five-year property tax abatement was approved at Monday night's meeting, following a public hearing.
   Director of Developmental Services Ron Gaines says the city issued a building permit on June 24 for an addition that is expected to have a valuation of about $9.5 million.
   John Deere's Chris Meyers says the expansion will provide nearly 62,000 square feet of additional space and improvements to the existing engineering center's infrastructure.

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