DIXON – The Invenergy power plant in Nelson is still on track to be up and running during the early part of 2015.
That update came from John Thompson, president and CEO of the Lee County Industrial Development Association, during Tuesday morning’s meeting of the Lee County Board.
The plant will be on the former site of an abandoned power plant at 1311 Nelson Road, south of Rock Island Road.
Officials are excited about property tax revenue the plant is projected to bring. Although it probably won’t be fully assessed until the end of 2016, it could become the biggest taxpayer in Lee County, Thompson said in a past interview.
The Lee Energy Facility in Nachusa is currently the county’s largest taxpayer. The tax value on that operation is $31 million, which has its parent company, Duke Energy, paying about $300,000 a year to the county.
The tax value on the Nelson plant is expected to far surpass that of the Nachusa property.