New Castle News

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April 14, 2014

Shenango passes tax abatement

NEW CASTLE — Shenango Township supervisors unanimously approved a tax abatement for Blackwatch Properties LLC when they met Thursday.

The Shenango Area School Board is expected to consider a tax abatement for the company when it meets tonight.

Blackwatch will receive a five-year sliding abatement, with all township taxes forgiven the first year, then 80, 60, 40 and 20 percent the next four years. In the sixth year, the company will pay its full tax assessment.

Blackwatch plans to build a 54,290-square-foot building for light manufacturing. The company assembles valves for the gas shale industry.

The new building will be on the site of the former Shenango Bowl-A-Way on New Butler Road. In 2013, Blackwatch bought the bowling center and an additional 20 acres that lie between the building and McKesson Drug.

The purpose of the abatement, officials said, is to stimulate investment and development in certain areas of the township.

(Email: grzebieniak@ncnewsonline.com)

 

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