Strollo firm to begin improvement of downtown building

YOUNGSTOWN — Strollo Architects will finalize its financing and start a $5 million improvement project of the long-vacant Wells Building this week, the firm’s owner said.

“Construction will start moments after closing,” said Gregg Strollo, the firm’s owner.

Strollo is borrowing money from Huntington Bank for the project.

The city’s board of control today approved a $520,000 grant for water and wastewater improvements, and $100,000 toward the general expenses of the project.

The city will provide a tax abatement for the project sometime after the company applies for it, said T. Sharon Woodberry, the city’s economic development director.

Also, Strollo will receive $1 million in state tax credits and about the same amount in federal tax credits after the project is complete.

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