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Council approves CRA agreement to abate construction taxes for new Dairy Queen
Summary
Council moved forward with an agreement authorizing a 10-year, 100% construction-cost abatement under the city's CRA program for a proposed Dairy Queen on East Main Street; Attorney Fortunato said the project cost was cited as $3.2 million and the school board approved because abatement exceeded a 75% threshold.
Canfield City Council advanced an ordinance authorizing an agreement between the city and Canfield DQE, LLC to include the new Dairy Queen project in the city's Community Reinvestment Area (CRA) program, allowing a 10-year, 100% abatement on eligible construction costs.
Attorney Fortunato explained the CRA program and said abatements apply only to…
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