Comments on: City supports Rotek expansion

By: Gee Whiz

Gee Whiz — Mon, 05 May 2008 19:49:54 +0000

The shop up here is currently unionized, they had a short walkout a year or two ago over health care benefits; the strike was settled quickly. The shop in Kentucky is nonunion. The company is currently squeezing everything they can out of Aurora, only to take it to Kentucky to match. I’d say the writing is on the wall…

By: GL guy

GL guy — Mon, 05 May 2008 13:32:44 +0000

Too bad Rotek isn’t located on COCHRAN RD!! I bet those residents wish they got such quick reactions.

I wonder if Rotek is currently a union shop, and if Kentucky would not be. Moving is a good way to get rid of higher paying jobs and start over with new workers earning less.

What’s the take in money from them if they stay? How much does the city get and how much do we give away with this deal? If they leave, won’t someone else will move in?

By: DuvalCrawler

DuvalCrawler — Sat, 03 May 2008 21:46:42 +0000

And if $3.4 million in tax abatement, along with $450,000 in tax PAYER funds for road improvements isn’t enough, hopefully the mayor and city council will authorize the police department to snatch people off the streets to provide free labor for Rotek.

By: olive

olive — Sat, 03 May 2008 19:06:16 +0000

This is from another website, looks like Rotek has already purchased land in Keeen tucky. And Rotek also wants somebody to build them a rail-line here. It looks like the only place for it would be through Tinkers Creek State Park and Nature Preserve.

Additionally Rotek wants the city to pay a half million dollars to widen the road. Rotek is owned by http://www.thyssenkrupp.com/ a huge multinational company. They to be able to afford to widen the road for their own needs. Adn rotek spokesmen at city council talked about a significant increase in traffic, does that mean thru town or to the freeways in STREETSBORO?

Rotek Expands Industrial Portfolio in KY

Private Duo Sells 148,440 SF at 8085 Production Drive
Rotek Inc. acquired the industrial building at 8085 Production Drive in Florence, KY, from Herbert and Leona Pearson for $3.05 million, or about $20.50 per square foot.

Built in 1987, 8085 Production Drive is a one-story, 48,440-square-foot industrial building on 13.44 acres. Rotek will occupy the building.

Si Pitstick and Joshua Young of Cincinnati Commercial Realtors/Cushman & Wakefield represented the seller. Jeffrey Bender, Kimberly Bertke, Jim O’Connell, Tom Powers and Michael Sullivan of Colliers Turley Martin Tucker handled the transaction for Rotek.

For more information, please refer to CoStar COMPS #1515502.