Daily News selling Apollo Drive building; buyer asking GCEDC for assistance on business expansion
Press release from GCEDC:
The Board of Directors of the Genesee County Economic Development Center (GCEDC) will consider two projects at its June 5, 2014 board meeting.
U.S. Gypsum Company is planning to upgrade its paper mill at 2750 Maple Ave. in Oakfield, NY. The project will include replacing and relocating equipment, stock cleaning and enhanced manila production to improve the safety, quality and efficiency of the facility. The projected capital investment is approximately $23 million and will ensure employment retention of 98 existing manufacturing jobs and the addition of 12 new production jobs.
9 Apollo Drive is planning to purchase the former Daily News building at 2 Apollo Drive in Batavia. With the purchase, the company anticipates further growth and plans to expand its business and manufacture more doors and windows. The projected capital investment for the project is $750,000.
The GCEDC Board meeting will take place at 4 p.m. and is open to the public. Meetings are held at the Dr. Bruce A. Holm Upstate Med & Tech Park -- 99 MedTech Drive, Batavia, NY, on the 2nd floor, across from Genesee Community College.
UPDATE: John Johnson, CEO of Johnson Newspapers, says that the Daily News hasn't sold its building and has no plans to move.
Hmmmmmmmmmmm... Imagine that, in another report I read just yesterday the USG improvement project was slated at $19 Million. In less than 1 day it has increased to $23M. Must be they found out more corporate welfare was available if they raised the total.
$23 Million to save 100 jobs... ?
And, 9 APOLLO DRIVE, the company that sells and installs doors and windows in homes for people like Whitney Houston (RIP), needs financial aid??? What a crock!
how do you buy 2 Apollo Dr. when it's not for sale?
Nobody said it wasn't for sale. Just that it hasn't been sold.
The GCEDC has been handing out tax abatements like Halloween candy for years now. Apparently you don't need a costume anymore, just say you're planning on wearing one.