LOCKPORT – Yahoo will purchase nearly 14 acres of land in the Town of Lockport industrial park next to its existing data center, Town Attorney Daniel E. Seaman said Friday.
David R. Kinyon, town economic development coordinator, said the Internet company will be charged $15,000 an acre, the same price it paid in 2009 when it bought the 30 acres on which the data center stands.
The deal is on the agenda of the town Industrial Development Agency for review and approval at its next session at 9 a.m. Thursday, Seaman said.
Yahoo, which employs 75 people at the data center that opened in September 2010, has been negotiating for more land since January.
“We have not been made aware of how they intend to develop the property out there,” Kinyon said.
“They’ve given us every reason to believe it would be developed for data center purposes.” However, Yahoo might not do that right away. Kinyon said the company’s representatives told the town that it might be as long as five years from now before anything new is built.
Lisa Karstetter, Yahoo’s community relations manager for data center development, did not return a call seeking comment Friday.
In 2009, the town IDA granted Yahoo an 18-year property tax break, which included a 100 percent tax exemption for the first 10 years.
Also on Thursday’s IDA agenda, Custom Laser, a 26-year-old company in the industrial park, will be seeking an exemption from sales tax on equipment for its new plant in the former Franbilt building on Akron Road.
Custom Laser president Gary Brockman said he has 21,000 square feet of manufacturing space in the park but will have 36,000 square feet at the Franbilt site.
He said the purchase is expected to close in the next two weeks, but he wouldn’t disclose the price.