Construction is expected to begin soon and wrap up by the end of the year on a 260,000-square-foot industrial building at the Airport South Commerce & Tech Park at North Hamilton and Poth roads, according to Whitehall Development Director Zach Woodruff.
City Council this month approved the site as a community reinvestment area, providing a 15-year, 100 percent property-tax abatement for the parcel.
The city will reimburse Whitehall schools 50 percent of the amount of income-tax revenue the city receives during the term of the CRA, Woodruff said.
The new industrial building is a second phase of a collaboration with developers Mark F. Taggart and Fed One Dublin, Woodruff said.
The companies last year completed a 140,000-square-foot industrial building at the Airport South Park that is occupied by Continental Auto Parts and Takeya USA, a lifestyle-products company best known for sustainable beverage- and food-storage products.
The city applied an urban redevelopment TIF, a particular kind of tax-increment financing, for the construction of the first industrial building.
Urban redevelopment TIFs are used to spur development of blighted areas -- in this instance, the demolition of the former Oasis Corp. building and the construction of a new building, Woodruff said.
Developers are expected to invest $8 million to $12 million in the second phase of the development.
As part of the agreement, the developer will be required to create at least 75 jobs with an annual payroll of $2 million within three years, Woodruff said.
No employers are yet identified but are expected to be those associated with logistics, manufacturing and warehousing, he said.