Butcher was on hand in Palo Pinto County Courthouse for the Commissioners’ decision. He told the Index he has been negotiating with TUPA over the last four months and hopes to hear soon whether they will settle in Mineral Wells or elsewhere.
“I talk to them almost daily,” he said. “They’re working on the project, just nothing goes fast, especially this time of year. I’m hoping that we have a real good idea of what their decision will be in the first quarter, but no later than the second quarter. So, in the next 180 days.”
Even with the generous abatement, the city and county stand to make a great deal of tax money if the $50 million project successfully come to Mineral Wells. The 100-acre property were the facility would be built – at the southwest corner of Ellis White Road and Lee Road in Wolters Industrial Park – currently carries an agg exemption and is only valued at around $8,000. With such a low property value, any improvement, especially one as lucrative as this specialized factory, would provide a significant boost.
Perhaps most important, however, is that Butcher assured Mineral Wells City Council last month that all tax money gained from the new factory would belong exclusively to Palo Pinto County and not have to be shared with neighboring Parker County to the east.
TUPA also plans to convert some of the old barracks previously owned by the Corrections Corporation of America into a veterans training center in connection with he National Guard, complete with housing, medical and training facilities. This center would teach specialized skills like welding, fabricating and machining to better equip residents for the workforce and improve Mineral Wells’ manufacturing base.
This is only the cherry on top of the hundreds of local jobs the factory would stand to create alone.