Tonawanda News — The Niagara County Industrial Development Agency’s Board of Directors have accepted an application for assistance filed by the owners of the Wurlitzer Industrial Park who are planning to undertake a $1.24 million renovation at the site.
During a meeting Wednesday, the board accepted a request for assistance from Wurlitzer Industrial Park, Inc., which owns the multi-tenant facility at 908 Niagara Falls Blvd. in North Tonawanda.
The developers plan to invest more than $1 million for construction, site work and new equipment and furniture, indicating to the NCIDA that the project will help them retain existing tenants and attract new tenants to the site. The project is expected to create up to 30 new jobs at an average salary of $30,000 as well as retains roughly 275 jobs from existing tenants.
The proposed project calls for demolition and renovation of 30,000 square feet of space on the second floor and 100,000 square feet of space on the third floor. In addition to these improvements, a new parking lot would also be added to accommodate new employees.
The company’s application for assistance includes mortgage, property and sales tax exemptions as well as a 15-year payment-in-lieu-of-taxes agreement. The total estimated state and regional benefit is about $782,000 annually.
“It is just as important to keep existing infrastructure and office space as up to date as possible as it is to provide incentives for new builds,” said NCIDA Chairman Henry M. Sloma in a statement released by the agency following Wednesday’s meeting. “In this instance these upgrades and improvements will not only help retain existing companies at the industrial park who employ almost 300 residents in the local community, but also immediately creates new jobs and the potential for even more new jobs once the renovations have been made.”
The NCIDA will hold a public hearing at a later date to solicit comment on the application in advance of consideration for final approval by the agency’s board.