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Youngstown council paves way for steel-pipe threading facility



Published: Wed, January 15, 2014 @ 7:15 p.m.

YOUNGSTOWN — City council approved legislation today that Youngstown officials hope will convince a Vallourec Star subsidiary to invest $81.5 million to build a steel-pipe threading facility about a mile from the company’s $1.1 billion expansion mill.

The company, which negotiated with the city on this project for several months, is expected to make a final decision in the next 90 days, said city Finance Director David Bozanich.

The company wants to use the former Genmak Steel building and an additional 67,500 square feet nearby in the city’s Ohio Works Business Park for the VAM USA LLC threading plant.

The facility would employ 84 full-time workers by early next year, according to VAM’s 10-year, 75-percent real-property tax abatement application.

The company wanted the city to approve the abatement before making a commitment on the expansion, Bozanich said.

Also today, council approved legislation to spend about $60,000 to relocate 11,000 cubic yards of dirt located at the proposed VAM site.

For the complete story, read Thursday’s Vindicator and Vindy.com


Comments

1GeorgeinYoungstown(76 comments)posted 9 months, 1 week ago

...at least the Mayor and City Council decided tonight to give Vallourec Steel a 75% (that's SEVENTY FIVE with a "7" and a "5") tax abatement to create 90 gigantic jobs (that's 10 less than 100) in a city that has thousands of unemployed in the inner city, ensuring the city coffers will continue to not have enough cash to demolish the thousands of blighted homes in Youngstown, (or, say, hire a few more first responders, or, maybe even lower our immorally overinflated water bills, or - God forbid - invest in renewable energy so that Ytown can lead the nation into the future instead of falling further into the scrap heap of history as a third world, fossil fuel extraction colony) because they just couldn't stand firm and bargain for, say, a 50%, or - wait for it - a 25%, (OH NO!) tax break, especially since everyone and their daughter knows there's no fracking way this corporation is going to walk away from their billion dollar investment, even IF our city officials had the cojones to actually force them to contribute a few dollars more to the betterment of the community in which they're making their record profits!

Oh no, of course we wouldn't want that...

(I'm sorry, was I being too sarcastic?)

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2GeorgeinYoungstown(76 comments)posted 9 months, 1 week ago

This article provides a very graphic description of Youngstown's urban blight crises:

"So, in a perverse vicious cycle, the cities themselves will likely be on the hook to dig deeper into their already decimated tax bases, and foot the bill to remove the houses. It is a no-win situation: ignore the problem, and watch the blight and disinvestment spread even farther, or spend money that you don’t have, raise taxes, and drive more residents and businesses away, in order to try to keep things from getting worse."

"If you are skeptical about this future projection, the future is already here. Today, over 15,000 houses in Cleveland sit abandoned. In Akron, the number is around 2,300. And in Youngstown, a city of 65,000, that used to have 170,000 residents, an estimated 5,000 abandoned houses and 20,000 vacant lots pose a problem almost too overwhelming to comprehend."

http://thestile1972.tumblr.com/

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