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Fee in Lieu of Tax and Incentive Agreementapproved

pickens-county-council-work-session-agenda-may-19-2025_afd.pdf

Pickens County approves $6.39M FILOT and reimbursement agreement with SC Speedway HWY 124, LLC

$6,392,017Pickens CountySC SPEEDWAY HWY 124May 19, 2025

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Pickens County approved a Fee in Lieu of Tax and Incentive Agreement with SC Speedway HWY 124, LLC for up to $6,392,017 to reimburse infrastructure costs for the Speedway Park Project over a term not to exceed 30 years.

Contract Details

Contract Amount

$6,392,017

Vendor

SC SPEEDWAY HWY 124

Agency

Pickens County, SC

Contract Type

Fee in Lieu of Tax and Incentive Agreement

Document Date

May 19, 2025

Contract Term

Not to exceed 30 years

Renewal Date

NA

Renewal Info

NA

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