Home Depot tax break approved PDF Print E-mail
Written by ALEX ASPACHER Sentinel Staff Writer   
Friday, 28 June 2013 08:51
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Wood County Commissioners approved a 15-year tax abatement plan Thursday morning for a Home Depot distribution center in Troy Township.
The agreement exempts the company from property taxes for its 1.63 million square-foot facility, expected to be built near the southwest corner of U.S. 20 and Pemberville Road beginning in August. Troy Township trustees approved the deal Wednesday.
Eastwood schools will receive $675,000 per year as part of the plan, with Penta receiving $69,000 per year.
The facility is expected to bring to the area 125 full-time jobs and another 30 part-time positions under a $5.1 payroll.
Wade Gottschalk, executive director of Wood County Economic Development Commission, said Home Depot's commitment to building a half-mile, $2.4 million public road including utilities will allow for easier development of the remaining portion of the site. The distribution center will occupy about 160 acres of the 448-acre lot, with public road access making it easier to market plots to smaller companies more likely to purchase them.
"It enhances the options we have for that site," Gottschalk said.
"It really makes another industrial park in the county."
Jacob Williams, real estate manager for Home Depot, said the center has a planned opening of January 2015 and allows the company to continue growing its supply chain in Ohio.
James Condon, chief development officer at Seefried Properties, said the project moved forward quickly because the site was pre-zoned and did not require an adjustment by the county's planning commission.
"If that legwork hadn't been done on the front end, it would be very difficult to come in and locate something like this," he said.
Condon said Home Depot pre-qualified three regional and two local contractors to build the facility, and with "all else being equal", their preference is to use area companies and workers.
"Whenever we can, we do that," he said.
 

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