2/17/2011Posted by MJ
A Medina company will be moving some of its employees to Lockport, as it leases the second and third floors of the largest building on Canal Street.
Mayor Michael W. Tucker said Wednesday that Trek Inc. will pay $90,000 a year, or $7.50 per square foot, for the top two stories of 57 Canal St.
Also, the city will be selling the smallest building on the block, 79-81 Canal St., to Lockport Cave for $70,000 as a new headquarters for the seasonal tourist attraction.
The price is cheap but it will cover the build out and after 4 years it will still be completed viable space if Trek decides to not renew the lease. Could be a kick start if bigger plans are put into place. It is nice to see that they wisely kept the 1st floor free for a business to generate foot traffic (even thought the facade isn't designed for it). The street will need some infill and the street opened to traffic if any sustained foot traffic and street life are desired.
Trek, founded in Medina in 1968, is expanding its production facilities and needed someplace to move its engineering, and research and development departments, said Cindy Coons, company human resources manager....
A second article by the LUSJ on the deal and another about a local connection to the Verison project underscore the positives that can be gained from the "negatives" of the area's children moving away for better opportunities. Instill in them a love for their hometown, etc and someday they could return with opportunities.