Niagara IDA OKs Sterling Energy plan

September 13, 2013 Updated Sep 13, 2013 at 9:23 AM EDT

By James Fink, Buffalo Business First Reporter

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Niagara IDA OKs Sterling Energy plan

September 13, 2013 Updated Sep 13, 2013 at 9:23 AM EDT

Sterling Energy Group has cleared one of its final hurdles needed to build a new warehouse and fueling station in Niagara Falls.

The Niagara County Industrial Development Agency directors this week approved an incentive package for the Gary, Ind.-based company that will help finance the construction of a $3 million Niagara Falls Boulevard warehouse that could approach 60,000-square-feet.

Besides the storage warehouse, the company hopes to build a compressed natural gas fueling station on the same parcel.

"Sterling Energy Group has a solid reputation in the energy industry and anytime a company from another part of the country wants to invest in Niagara County we want to do everything we can to make sure this investment is realized," said Lockport Mayor Michael Tucker, acting NCIDA chairman..

The parcel is located at 6000 Niagara Falls Boulevard.

Sterling has acquired the former Niagara Generation plant, with plans to renovate the facility. In bringing it back on line, Sterling will receive 50 megawatts of low-cost hydropower, a key incentive that helped bring the company to Niagara Falls.

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