Is the Texas Gold Depository Coming to Wilco?

According to the Community Impact newspaper, it appears that the County Commissioners are set to sign an agreement with TEXAS BULLION DEPOSITORY COMPANY at the October 24 meeting of Commissioners Court.

Under the proposed economic agreement, the gold depository would spend $12 million to build a 60,000 sq. ft. building and hire 300 full-time positions. In exchange, Williamson County would cover half of the real property ad valorem tax and all of the personal property ad valorem tax from the county’s general fund for five years. The taxable base of the depository property would be $71 million.