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Clarence IDA approves tax breaks for project at former motel site

A developer has received $451,000 in tax breaks for a mixed-use building planned for the site of the former Fountain Court Motel in Clarence.

The Clarence Industrial Development Agency board on Thursday approved the request for aid for the $5.6 million project.

Stephen Development will earn $223,243 in property tax breaks over 10 years, $185,633 in sales tax breaks and $42,000 in mortgage-recording tax breaks, said IDA consultant Paul Leone.

Tax breaks sought for project at former motel site in Clarence

The Clarence Planning Board in November approved the development at 9560 Main St., across from Clarence High School. Stephen Development bought the 7.4 acre site in 2011 and razed the motel last summer.

The company plans to build a pair of two-story buildings, totaling 48,600 square feet, with 24 apartment units and 16,000 square feet of retail. Construction on the "Main Center of Clarence" could begin soon and finish within 12 months.

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