1700 LLC and Qualis property tax phase-in
Summary
A new locally-founded plastics company gets a preliminary ten-year tax phase-in to reopen the vacant former Lionel Bassell building with $10 million in investment and 35 new jobs — including recommissioning the site's rail line.
At a glance
- Total mentions
- 3
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Oct 5, 2026.
Impact analysis
Ten-year phase-in on about $10 million of investment; 35 jobs paying 30% above county average wage.
The new company, its 35 future employees, and the Lynch Road area that regains a vacant industrial building and rail access.
Taxpayers forego property tax revenue during the phase-in; some residents raised environmental questions about plastics manufacturing.
Mentions & discussions (3)
City Council Meeting - Oct 5, 2026
A new memorandum-of-agreement framework ties tax phase-ins to clawbacks if companies don't deliver promised jobs and investment. Qualis must add about $2.6 million in salaries and $10 million in investment.
City Council Meeting - Jul 13, 2026
A new locally-founded plastics company gets a preliminary ten-year tax phase-in to reopen the vacant former Lionel Bassell building with $10 million in investment and 35 new jobs — including recommissioning the site's rail line.
City Council Meeting - Jun 8, 2026
An amended confirmatory resolution would declare an economic revitalization area and grant a property tax phase-in and waiver of noncompliance for Uniseal Inc's rehabilitation of real property.
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