Wurldwide tax abatement
Tax abatement agreement
El Paso, Texas
This Chapter 312 agreement covers property-tax abatements for El Paso’s Wurldwide project. It works alongside a separate Chapter 380 grant agreement, rather than replacing it.
- Project party
- Wurldwide LLC, doing business as Statue LLC
- Public partner
- El Paso, Texas
What’s included
Public revenue & benefits
The incentive depends on at least $800 million in investment. The agreement sets separate deadlines for starting and completing the development.
Compare public revenue & benefits termsJobs & local opportunity
Full employment-related abatements depend on 50 full-time jobs across the project, not 50 in each phase. The employment deadline falls four years after the completion deadline. Local and minority-owned business participation is a reasonable-efforts provision, not a hiring quota.
Compare jobs & local opportunity termsReporting & enforcement
The company must submit completion and employment reports, followed by annual compliance certificates due April 30 during the abatement period.
Compare reporting & enforcement termsAbout this document
The city-published PDF includes separate signed counterparts: the city dated December 7, 2023 and Wurldwide dated December 5, 2023, on PDF pages 30–31.
- Document
- Tax abatement agreement
- Published by
- City of El Paso
- Parties
- City of El Paso and Wurldwide LLC, d/b/a Statue LLC.
- Reviewed
- 2026-09-07
- Still needed
- The confirmed effective date, filed annual reports and any amendments.