City council will vote on tax breaks for businesses

YOUNGSTOWN — City council will consider requests March 30 for two tax abatements, including one for a proposed CVS store on the North Side.

Orion Development, the Weirton, W.Va., company developing the CVS store, is seeking a 75 percent, 10-year real property tax abatement for the 11,945-square-foot store on Fifth Avenue, next to Stambaugh Auditorium.

The company plans to spend $4,807,257 on the cost of construction, the purchase of property, its furniture and fixtures, machinery and equipment, and inventory. The biggest expense is $2,612,257 on construction.

The company would save $236,007 and pay $78,669 in real property taxes over the life of the 10-year abatement, according to its application.

Council will also consider recommending a 75 percent, 10-year real property tax abatement for an expansion project at Rudick Forensic Engineering Inc. on Tod Avenue. Rudick Forensic focuses on property damage consulting for lawyers and insurance companies.

The company wants to convert the upper portion of its 10,550-square-foot warehouse to office space.

The company would save $57,421 and pay $19,140 in real property taxes over the life of the abatement, according to its application.

For the complete story, read Tuesday’s Vindicator or Vindy.com