Rivian Agreement BasicsRivian Agreement • May 2nd, 2022
▪ This is unique for a development of this scale and is an immediate benefit to the community. Typically, PILOT payments do not begin for three or more years.
Rivian Agreement BasicsRivian Agreement • September 26th, 2023
o Rivian will make PILOT and personal property tax payments in an amount equal to the greater of the two over a 25-year period with payments beginning this year (2023). After the 25-year abatement period, Rivian will pay 100% of property taxes.
