Sunday, October 04, 2015
Current Weather
Loading Current Weather....
Published: Wednesday, 3/23/2005

Lake Township trustees OK tax break for truck firm

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.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.