Lockport Union-Sun & Journal — While Trek is the tenant around which the request is made, GLDC is responsible for ensuring IDA requirements including employment levels and new-job creation are met over the term, Gabriele said. Supposing Trek left Building 4 before the PILOT expired, the agency would have to land replacement tenant(s) that can meet the numbers, or the IDA could revoke the tax breaks, he said.
According to Bell, the GLDC board of directors is meeting this morning to vote on additional “pieces” of the deal, including giving him authorization to make a final lease deal with Trek and awarding a construction bid for Building 4 renovations.
Municipal officials in Medina, who learned of Trek’s pending relocation to Lockport on Wednesday, were less than pleased with the news.
“It doesn’t seem right that (government) incentives can be used to facilitate a business moving 20 miles,” Mayor Andrew Meier said.
Orleans County Legislature Chairman David Callard, R-Medina, said it “makes sense” for Trek to consolidate operations that currently are in three counties, but that’s no consolation for Orleans, which ends up on the losing side of the deal.
“I’m disappointed. I hope we can retain the jobs in our county,” Callard said.
An existing business in the village of Medina, Takeform Architectural Graphics, is set to purchase Trek’s Maple Ridge Road building and move its 85-employee operation there next year.Reporter Jim Krencik contributed to this report.