Long-awaited downtown Youngstown project to start in Nov.

YOUNGSTOWN — Financing should be finalized by the second week in November to start the long-awaited rehabilitation of the Wells Building in the city’s downtown.

That’s according to Dave Kosec, project manager of the Youngstown Central Area Community Improvement Corp., the nonprofit downtown property agency that owns the building.

Kosec said today after a CIC meeting that Strollo Architects is finalizing its financing with Huntington Bank, and as part of the deal, the CIC will sell the 97-year-old building to the firm for $1.

Strollo has to start the improvement project, estimated to cost about $5 million, by Nov. 21 or it will lose its $1 million state tax credit, said Kosec, who added that he thinks improvements will start in time.

The project, proposed more than a year, ago, would take about nine months to finish.

For the complete story, read Thursday's Vindicator and Vindy.com