Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council committees back 15-year, 75% CRA abatement for Buckeye State Welding
Summary
The Elyria committees recommended legislation authorizing a 15-year, 75% CRA tax abatement for Buckeye State Welding & Fabricating at 131 Buckeye Street to support a $2.81 million expansion/renovation that staff said will create two full-time jobs and $150,000 in new annual payroll; applicants presented project details and committee voted to proceed with emergency passage.
The Elyria Community Development and Finance Committees recommended legislation authorizing a 15-year, 75% Community Reinvestment Area (CRA) tax abatement for Buckeye State Welding & Fabricating, a multi-generational Elyria business that seeks to expand and renovate a facility at 131 Buckeye Street.
Community development manager Alma Bayad told the committees the applicant requested a 15-year, 75% abatement to support an estimated $2,810,000 investment. Staff said the project — described by…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
