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Valero
Project Number: 20111202
Pilot Type: Retention
Parcel ID: 050019 00003C
County Commission District: 9 | City Council District: 6, 8
Pilot Type: Retention
Parcel ID: 050019 00003C
County Commission District: 9 | City Council District: 6, 8
Summary
Valero will invest nearly $300 million in its Memphis facility to expand its operations and to retain its current workforce.The 15-year PILOT will help the oil refinery build a new hydrogen plant, make cooling tower additions and improve tanks and other facilities at the 70-year-old facility at 543 W. Mallory.
PILOT Term:
15 years
Projected New Jobs:
Not applicable
Projected Retained Jobs:
557
Total Jobs:
557
Projected Average Payroll of New Jobs:
Not applicable
Projected Average Payroll of Retained Jobs:
$95,844
Annual New Direct/Indirect Payroll:
$135,163,656
Annual Retained Direct/Indirect Payroll:
Not applicable
Total Capital Investment:
$298,538,000
Real Property Investment:
Not applicable
Personal Property Investment:
$298,538,000
Community Reinvestment Credit (CRC):
Not applicable
Capital Investment not in PILOT:
Not applicable
Projected Tax Revenue:
$54,001,012
Projected Taxes Abated:
$25,763,299
City:
$12,564,290
County:
$13,199,009
Benefit/Cost Ratio:
2.10
Projected MWBE/LOSB Spending:
$15,075,000
Incentive Provided:
$25,763,299
Compliance Information
Not applicable

Approved
12/21/2011
Ramp up Period
2
Closing
Not applicable
Effective
Not applicable
Lease Begins
Not applicable
Lease Expires
Not applicable
Amended
Not applicable
Property Details
Lease Began
Not applicable
Lease Expires
Not applicable
Valero
543 West Mallory , N Rivergate Rd Memphis, TN 38109- Project Files
-
Closing
- Leases
-
Personal Property Leases
-
3rd_
Amendment_ to_ the_ 2002_ Personal_ Property_ Lease_ Agreement_ 2006_ . pdf -
4th_
Amendment_ to_ the_ 2002_ Personal_ Property_ Lease_ Agreement_ 2011_ . pdf -
4th_
Amendment_ to_ the_ 2006_ Personal_ Property_ Lease_ Agreement_ 2010_ . pdf -
Personal_
Property_ Lease_ Agreement_ 2012_ . pdf -
1st_
Amendment_ to_ the_ 2002_ Personal_ Property_ Lease_ Agreement_ 2003_ . pdf -
1st_
Amendment_ to_ the_ 2014_ Personal_ Property_ Lease_ Agreement_ 2016_ . pdf -
3rd_
Amendment_ to_ the_ 2002_ Personal_ Property_ Lease_ Agreement_ 2006_ _ 1. pdf -
Personal_
Property_ Lease_ Agreement_ 2013_ . pdf -
Personal_
Property_ Lease_ Agreement_ 2015_ . pdf -
First_
Amendemtn_ to_ 2016_ Personal_ Property_ Lease_ Agreement_ Valero. pdf -
2014_
Dec_ 31st_ PP_ Lease_ Agreement_ Valero. pdf
-
3rd_
- Bills of Sale
- Compliance Files