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State awards nearly $3.5M to CASTLO for site development
TweetPublished: Fri, July 30, 2010 @ 10:32 p.m.
Staff report
struthers
The CASTLO Industrial Park has been awarded nearly $3.5 million in state funding to redevelop land.
The Ohio Department of Development announced Friday that CASTLO will receive $3,491,000 from the state’s Job Ready Site Program. The funds will be used to demolish a 312,000-square-foot building and redevelop 66 acres.
The work includes environmental cleanup and the extension of the road and utilities on the site.
The grant, announced by Mark Barbash, the ODOD assistant director, is part of $29.9 million in Job Ready Site program funds awarded across the state.
Comments
...Great...!!!...more Corporate Welfare....People...we're broke...!!!!!!
Redevelop for what? Who is gonna bring their business to the Valley with all the on-going county corruption? Just more TAX & SPEND wasted taxpayer monies!!!
Where is Castlo?
Thanks. I don't know anything about Struthers.
I will not attempt to comment, unlike some others...
CASTLO did not receive $700,000. Campbell received the money. CASTLO is a part of the MRCO, which also includes many other communities and economic development groups.
Although non-profit, CASTLO is and has been self-sufficient for many years, other than a few small grants for remediation. All rent collected is put right back into the park for future economic growth.
The entire 120 acres is not leased. Most of the 60 acres has been remediated , and all will be ready for construction as soon as the roadway and utilities go in.
That's thinking positively! CASTLO has viable prospects and cannot move forward with them unless these changes are made.
Censoredship,
Where are you getting your info from?
CASTLO did not get that $700,000. CASTLO is only a member of the MRCO, which sits in Youngstown, Campbell and Struthers. The money went to Campbell to build the bridge across the river which is under construction now, which is actually situated in Campbell. It has nothing to do with CASTLO and is in fact across the street - not on CASTLO property.
There are only three employees at CASTLO and no one makes that kind of money there. LOL! I'd love to know where you are getting these "financials" from, especially since it is a private corporation.
Hope this info helps.