city-of-streetsboro-regular-council-meeting-agenda-2-24-25_2f3.pdf
Winking Lizard eyes $2.65M Streetsboro restaurant with tax break
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Description
The City of Streetsboro is considering a CRA agreement with Winking Lizard, Inc., to grant a 35% real property tax exemption for 5 years for the construction of a new restaurant facility. The project, estimated to cost $2,650,000, includes land acquisition, construction, equipment, and infrastructure investments. The agreement aims to create 25 full-time, 25 part-time, and 10 temporary jobs, generating a minimum annual payroll of $750,000 within three years of project completion.
Contract Details
Contract Amount
$2,650,000
Vendor
WINKING LIZARD
Agency
City of Streetsboro, OH
Contract Type
Tax Exemption Agreement
Document Date
February 24, 2025
Contract Term
5 years
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