Tonawanda News

Local News

June 27, 2013

New jet boat company seeks IDA tax break

(Continued)

Tonawanda News — Fox’s business partner, Bohnenkamp, is in the river boat business on the Snake River in Idaho and will be supplying the jet boats. The company is also working with Old Fort Niagara on tours and other local businesses to offer package deals. 

Niagara Jet Adventures, LLC has requested a five-year payment-in-lieu-of-taxes agreement as well as sales tax and mortgage recording tax exemptions. Company officials expect the project to create 11 full-time positions with a total payroll by year three of operation of $420,000. 

The NCIDA’s board voted unanimously to accept the company’s application for assistance before scheduling a public hearing on the proposal for 3:30 p.m. July 17 at village hall in Youngstown. 

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