This tax break was 14 years in the making

YOUNGSTOWN — A tax break to a company 14 years in the making is finally about to happen.

Youngstown City Council will have a special meeting at 4:15 p.m. Monday to approve a 75-percent, 15-year tax break to Fallsway Equipment Corp., which spent about $800,000 at a facility in the city-owned Salt Springs Industrial Park.

The city offered Fallsway a 75-percent, 10-year real and personal-property tax abatement in 1995.

But because of business reasons, the company held off on the project until 1998 under the assumption that the city had finalized the tax break, according to Vindicator files.

Fallsway questioned city officials in 1999 about not receiving a tax break. The city couldn’t offer the tax abatement under state law because Fallsway — which sells and services work trucks, cranes, wreckers and forklifts — already had built its facility, according to the newspaper’s files.

The city offered a different deal.

For details, read today's Vindicator or Vindy.com.: