(Source: Greenville Herald-Banner)

By Brad Kellar, Greenville Herald-Banner, Greenville, Texas
Oct. 11--GREENVILLE -- The City Council intends to talk some more Tuesday about a giant electric generating plant which has been planned for north of Greenville.
Although construction on the Cobisa-Greenville facility did not get underway prior to a city-imposed Oct. 1 deadline, it remains to be seen whether there is still life in the proposed project.
The Cobisa plant is one of the topics scheduled to be considered during a closed door executive session as part of the regular agenda, starting at 6 p.m. Tuesday in the Municipal Building, 2821 Washington Street. An executive session is also part of a work session, scheduled for 5 p.m. Tuesday.
If any action is taken regarding the project, it will be done in open session during the regular agenda.
Seven years ago, officials with Cobisa announced plans to build a 1,750 megawatt natural gas-fired electric generating plant on 104 acres off of U.S. Highway 69 just north of the Greenville city limits.
In May 2008, the Greenville City Council approved significant changes to the original Industrial District Agreement (IDA) with the Cobisa Corporation. The amendment postponed the date when the proposed project might be annexed into the city limits, set up a Payment In Lieu of Taxes (PILOT) plan and altered the specifics for how much water the company would purchase from the City of Greenville for the plant. It also set a deadline of Oct. 1, 2009 for the project to begin.
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