The deal closed this week on a Town of Tonawanda site that will house a construction materials recycling facility.
An almost eight-acre parcel at 3755 River Road sold for $595,200, according to records filed with the Erie County Clerk's Office. The buyer is identified as 3755 River Road LLC.
Its seller, John B. Battaglia, had bought it for $440,000 during the summer of 2008. And the owner before him had paid $200,000 in 2001.
Triad Recycling and Energy Corp. will accept and recycle construction and demolition debris -- particularly asphalt roofing shingles, which would be used in producing blacktop for road construction. As much as 31,300 tons of materials would be accepted annually, destined for recycling or disposal at a landfill, according to one estimate.
Meanwhile, the public comment period closed earlier this month on Triad's application to the state Department of Environmental Conservation for a permit to operate a construction and demolition debris processing facility at the site.
Triad also has applied for a beneficial use determination from the DEC, which would allow the company to sell the processed shingles material for use in making hot mix asphalt.
Mark Baetzhold, a DEC spokesman, said Thursday that the permit application for the debris processing facility needs to be revised to mirror some requirements in the application.
"Once the revised C&D processing permit application is received and reviewed a final decision can be made," Baetzhold said.
Attorney Sean W. Hopkins, who represents Triad, couldn't be reached to comment. But Triad officials apparently are optimistic about a positive outcome, based on the content of the company's website: www.triadrecycle.com.
Company officials have said that $3 million would be invested at the site, which features three existing buildings containing a total of 19,186 square feet.
Incentives totaling $84,000 were granted to the company last month by the Erie County Industrial Development Agency. The breakdown: approximately $54,000 in property tax savings, roughly $20,000 in sales tax savings and up to $10,000 in mortgage recording tax savings.