Mayor: City, Girard agree on V&M Star deal

YOUNGSTOWN — Mayor Jay Williams acknowledged today that an agreement on the V&M Star Steel property and the distribution of corporate property tax for the $970 million expansion project has been reached between his city and Girard.

The deal was reached at approximately 11:30 p.m. Wednesday after 5-and-one-half hours of negotiation between both parties, Williams told The Vindicator.

The agreement will be taken up by the Girard City Council for approval Monday night, followed by the Youngstown Board of Control on Tuesday. An official signing ceremony is planned for Wednesday.

Williams did not disclose details, calling the plan "fair and equitable" and "one that satisfies both parties."

For details, see Friday's Vindicator or watch Vindy.com.