Financing packages approved for $264M in Butler County industrial projects
30 Jun 2026
News
Financing packages are in place for a pair of large industrial projects north of Cincinnati totaling roughly $264 million in development costs.
The Butler County Finance Authority at its June 24 board meeting unanimously approved a pair of resolutions to help finance a $124 million project in Monroe from Indianapolis-based Scannell Properties and a $140 million project in Fairfield from Kansas City, Mo.-based NP Development.
The Monroe project comprises a 390,000-square-foot food distribution facility on 100 acres off Butler Warren County Line Road immediately south of Cincinnati Premium Outlets. It is a build-to-suit project for a single tenant, though the tenant remains a mystery.
The project is expected to create 93 new jobs and retain 127 jobs from the company’s existing operations elsewhere in the region.
The city of Monroe last month approved its own financing package for the project consisting of tax increment financing funds for site infrastructure and a property tax abatement.
The Butler County Finance Authority will issue $7.5 million in revenue bonds under its Jobs and Development Bond Fund program to finance costs related to site acquisition, construction, equipment installation and other site improvements.
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