The new owner of the former Gaul Funeral Home in Lockport applied for a tax break Wednesday from the Niagara County Industrial Development Agency.
Kevin Jordan, a Lockport resident, said he intends to convert the two-story structure at 263 East Ave., offering about 2,300 square feet of commercial space and three apartments.
Jordan bought the building last July for $115,000 under the name of Neighborhood Redevelopment LLC. He said he's spoken to an attorney and a physical therapist who are interested in opening offices in the building, which was known for a few years as the Ross Funeral Home Gaul Chapel until it closed in 2018.
He's seeking a 10-year property tax abatement on his $338,000 renovation plan, along with exemptions from paying mortgage recording tax and sales taxes on building materials and furnishings.
The NCIDA staff estimated the incentives would save Jordan $121,000 over 10 years. Jordan said he will create three jobs.
The NCIDA board is expected to vote on the incentives March 11.