Thursday, November 1, 2012

ECIDA backs 3 projects - Kansas City Business Journal:

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The ’s directors approved an incentive package that will enable the store to open at 517Niagarza Street. The directors, approved the incentives for and the 1093 Group for thepropose store. The project carries a $1.27 million development price tag. Construction on the 8,000-square-foot store is expected to starg this month and the Family Dollar outlet is due to open by late The store will employ 15 people on a fulland part-time basis.
The store is being constructed on the site of a long vacant gas Ellicott Development invested morethan $250,00p0 remediating the site, about $150,000 more than originally “This a brownfield redevelopment project,” said Kare Fiala, ECIDA coordinator of Tax Incentivse Products. “It is in a highlyt distressed area that’s in the heargt of city’s lower West Side. It is providing retail service to some of the poorest residents in the City of Fiala said, according to information, therw is a high percentages households, headed by females, that have median income leveles well below the povertyg level.
Some 56 percent of the households in the area immediatelhy surrounding the proposed store do not have accessz or can afforda vehicle.’ “Havingh a general merchandise store there is very importantg to the residents,” Fiala said. • The ECIDA directors also unanimously approvea $5.45 million inducement resolution package that will help 2880 Transiyt Road LLC finance the construction of Katie’s Place, a seniod apartment complex along Transity Road in West Katie’s Place is being developed by The projecgt features 50 senior apartments in a two-storyu building.
• The agency’xs directors amended a previously approved incentive package for that will enablde the company to starta $10.14 millio n expansion and renovation of its Cheektowaga plant. API will be addingb 61,000-square-feet to the Waldebn Avenue plant.

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