Liberty trustees approve tax abatement for $6.5 million project - 21 News Now, More Local News for Youngstown, Ohio -

Liberty trustees approve tax abatement for $6.5 million project

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LIBERTY TOWNSHIP, Ohio - The developers of a motel planned for Liberty Township now wait for the state's approval of a tax deal.

Liberty Township trustees approved a 49-percent tax abatement at its meeting Monday.

Developers plan to invest $6.5 million to build the Comfort Suites on a nine acre plot of land where the former Ramada Inn used to sit

The 10-year abatement is an incentive offered in connection with the Belmont Avenue corridor.

Even though fewer tax dollars will go to the schools, trustees are optimistic about new economic development this year. "If it were 100 percent, I probably wouldn't be so excited about it, but we are still going to get some taxes and I think other businesses will definitely be interested in expanding and actually we do have a couple that are expanding." said trustee Jodi Stoyak.

 

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