Peterbilt Motors Co has broken ground on an expansion project at its Denton TX-based division headquarters that will create additional offices for Paccar Financial and PacLease, an underground parking facility, and hotel-like accommodations for guests. The project, scheduled to be completed in April 2002, will provide an additional 31,745 square feet of space.
Total cost of the project is about $6 million. To help offset the expense, Peterbilt secured a 10-year tax abatement with the City of Denton and Denton County, and a seven-year abatement with the school district on the cost of the improvements.