The Lake Township trustees last night granted Nagle Holdings a tax abatement for a new trucking terminal.
The Walbridge company will invest $2.25 million in a 13.5-acre property on Moline Martin at Cummings roads. It plans to have a shop, warehouse, and truck parking on the site, and hire 10 new employees over the next three years.
Trustees unanimously approved the seven-year, 100 percent real property abatement. The Wood County commissioners will vote tomorrow.
The company has agreed to make payments to the Penta Career Center and Lake Local schools. Lake will receive $7,306 a year for seven years, beginning in 2007.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.