Strollo gets extended completion date for Wells project

Strollo gets extended completion date for Wells project

YOUNGSTOWN

As long as Strollo Architects finalizes financing for a $5 million project to rehabilitate the downtown Wells Building and starts construction by Dec. 31 as well as have the project finished by Sept. 1, 2014, the firm will receive $1.8 million in state and federal tax credits.

In a letter dated Thursday, Jennifer O. Poklar, assistant deputy chief of Ohio Development Services Agency’s Office of Redevelopment, wrote that the agency agreed to extend the completion deadline date to September 2014. The original completion date to receive the credits was in April 2014.

“As the applicant has made significant progress toward financing the project and moving toward construction, [ODSA] has determined that this amendment is conditionally approved subject to” having financing in place and starting construction by Dec. 31, she wrote.

Read the full story in Monday’s Vindicator.