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rselak@tribtoday.com WARREN A downtown developer with a record of taking old, sometimes derelict, buildings and returning them to usefulness has acquired the former Mickey’s Army / Navy building with the same intended purpose. Mark Marvin’s Bull and Rhino Land Company LLC has come to terms with the Western Reserve Port Authority to purchase the strip-mall style building at 231 Main Ave. SW for $350,000 a large chunk of which is forgivable based on the agreement the parties struck. The deal is structured like this: Marvin put down $35,000 toward the purchase price and the port authority is holding a $315,000 note it can forgive in part or fully depending on the level of investment Marvin makes in the property. ....
editorial@tribtoday.com High levels of competence coupled by the cooperative attitudes of members of the Western Reserve Port Authority board of directors are resulting in good things for area business and our Mahoning Valley in general. The latest appointment to the board, Poland businessman Ed Muransky, came in recent weeks and proves to us that county commissioners, who appoint board members to their multiyear terms, are serious about continuing to keep the bar high in order to continue the good work being done by the port authority. Muransky, chairman of the board and founder of Muransky Companies, a business management company, also serves as founder, chairman, CEO and majority owner of the Surgical Hospital at Southwoods in Boardman. ....
rselak@tribtoday.com WARREN The Western Reserve Port Authority authorized its CEO on Wednesday to come to terms with a developer who wants to buy land the port authority controls downtown, 231 Main Ave. SW. The board also agreed to move on a term sheet and preliminary agreement related to issuing revenue bonds and a sales tax exemption certificate for a company that is contemplating expansion in the Mahoning Valley. CEO John Moliterno, however, could not comment much on either item, he said, without agreements in place. But if the project, which the company remains undecided on, were to happen, “it would be a very good job creator for the Valley, so we’re very excited about that because this one would be a good one for everybody,” Moliterno said. ....