KBI building owners seeking TIF for $19M investment to redevelop property

The former KBI factory in Perkins Township could “gain a new life as the owners look to invest $19.3 million” to renovate the property to better align with market needs and “be move-in ready for a growing business,” the Sandusky Register reports. Plans include demolishing defunct office space, adding a third building, and installing new heating, lighting, roof and fire protection, according to the article. Developers presented the plan to Perkins Schools board members “in hopes of receiving a 30-year, 100 percent Tax Increment Financing (TIF) to help offset the $19.3 million cost.” For more, read the full article.

Economic Development, Financial Incentives, State Updates