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Port Authority Helping YNDC Acquire Building on Glenwood Avenue - The Vindicator

The Western Reserve Port Authority on Wednesday authorized a first agreement to help the Youngstown Neighborhood Development Corp. acquire and renovate a building to promote redevelopment of the Glenwood Avenue neighborhood in Youngstown.

The authority agreed to buy a former Rescue Mission of the Mahoning Valley warehouse and office building at 2246 Glenwood for up to $125,000 plus closing costs, lease it to YNDC for 18 months and then sell it to YNDC.

Ian Beniston, YNDC executive director, said the value of the port authority being involved is it allows YNDC time to attract the resources necessary and create a plan to renovate the building to make it move-in ready for tenants to use. To read the full story from The Vindicator, click here.