Niagara Gazette

Local News

March 21, 2013

Yahoo! expansion plans call for 115 jobs

(Continued)

Niagara Gazette — Yahoo would also receive a sales tax abatement on construction costs and for the replacement of computer and network equipment. Bonaro said the majority of the cost — roughly $100 million — was in equipment alone.

The Town of Lockport does not have a town property tax, meaning the municipalities most affected would be Niagara County and the Starpoint Central School District.

The town IDA will hold a public hearing on the tax breaks, at 9 a.m. April 25 in the town hall on Dysinger Road. Additional details about the construction and call center are expected then, although it's unknown at this point if the IDA board will vote that day on the incentives or not.

Also Thursday, the New York Power Authority Board of Directors approved an allocation of 7,200 kilowatts of low-cost power. A similar allotment of 15 megawatts, with similar tax incentives, is partially what drew Yahoo to Lockport originally.

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