STAFFORD — A Maryland firm won’t pay Stafford County’s Merchant’s Capital tax for 30 years should it move ahead with plans to build a warehouse near the county’s airport.
The Board of Supervisors on Tuesday voted unanimously to waive the tax that is levied on a company’s amount of stock on hand, in exchange for the construction of a 485,000 square-foot warehouse space designed for e-commerce.
The warehouse would be located on Centreport Parkway and would ideal for up to two tenants. Maryland-based Property Management Associates, LLC will build the warehouse on about 85 acres of land owned by Chesapeake Holdings CSG, LLC.
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