Rivian’s plans to build a $5 billion plant in Georgia have hit a roadblock after a judge rejected an agreement that would have seen the automaker receive a huge property tax break.
Plans had called for local governments in the Morgan and Walton counties roughly 45 miles (70 km) east of Atlanta to maintain ownership of the 800-hectare site and lease it to Rivian, exempting the car manufacturer from a projected $700 million in property taxes over 25 years. Rivian had agreed to make $300 million in payments in lieu of taxes throughout this period.
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