Trumbull Energy Center Closes Land Deal for $10M
LORDSTOWN, Ohio – Clean Energy Future Trumbull LLC – the development arm for the $1.2 billion Trumbull Energy Center – has closed on more than 127 acres along Tod Avenue and Hallock-Young Road, according to records filed with the Trumbull County Auditor’s office.
The land transfer was recorded Nov. 4 records show, paving the way for construction to begin on the project.
Boston-based Clean Energy Future LLC acquired the land in October 2017 for $276,075.
Clean Energy Future Trumbull wants to construct a natural gas-fueled combined-cycle energy plant on land next to a similar-size operation called the Lordstown Energy Center, which Clean Energy Future LLC helped develop in 2018.
Clean Energy President Bill Siderewicz said that Gemma Power Systems LLC is the engineer on the project and are preparing a site plan to submit to the village.
“Don’t be surprised if site clearing and tree cutting is happening this week,” Siderewicz said.
Last week, Clean Energy officials informed Mayor Arno Hill that financing for the $1.2 billion plant was approved, he reported. The plant would be built at the Lordstown Industrial Park off state Route 45.
Construction would take approximately three years and create about 1,000 construction jobs, according to Hill.
“We have a couple of things to wrap up. That will probably happen within the next month to six weeks,” Hill said last week. He noted that the contractors are going to move in over the next two weeks.
A 100% tax abatement was approved for the project. In lieu of those taxes, Clean Energy Future will make an $800,000 initial payment to Lordstown village schools and annual payments to the school system during the 15 years of the abatement, and to the village, which also will share income taxes with the school system.
The project, first announced in 2019, has survived several roadblocks over the last three years including lawsuits and political squabbling over who would supply water to the site.
Published by The Business Journal, Youngstown, Ohio.