Wabtec property assessed at $41 million

Local News

Disputes between Wabtec Corporation and the Iroquois School District will come to a close.               

Two years after the merger of GE Transportation and Wabtec, a major legal agreement will finally be reached.

The assessed value of the 431-acre locomotive plant in Lawrence Park has been settled.

Staff from the Erie County Assessment Office say the assessed value of the Wabtec property is set at about $41 million.

The Erie County Board of Tax Assessment appeals established that same assessed value back in 2019 after the merge.

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