IDA cancels tax break to clear the way for sale - The Buffalo News

Share this article

print logo

IDA cancels tax break to clear the way for sale

LOCKPORT – The Town of Lockport Industrial Development Agency has canceled a tax break on one of the two now-vacant Custom Laser buildings in the town industrial park, clearing the way for its sale to a demolition company.

IDA Executive Director David R. Kinyon said Thursday’s vote dropped the IDA’s lease interest in the 6,000-square-foot building, to be sold by Custom Laser to Titan Wrecking and Demolition of the City of Tonawanda, which plans a new location there. The tax abatement was in its final year, Kinyon said.

Custom Laser, which has moved its operations to the former Franbilt plant on Akron Road, also has a 16,000-square-foot building in the industrial park available for sale.

The IDA board also authorized the clearing of trees from a four-acre site in the industrial park, on the south side of Enterprise Drive, to make it available for development. That site was the original choice of McGuire Development for an industrial incubator building, but Kinyon said McGuire now is considering four acres on IDA Park Drive.

There are no comments - be the first to comment