
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: SATURDAY, May 15, 1993                   TAG: 9305150010
SECTION: BUSINESS                    PAGE: A-4   EDITION: METRO 
SOURCE: GEORGE KEGLEY STAFF WRITER
DATELINE:                                 LENGTH: Short

TRANSKRIT TO START BUILDING

Transkrit Corp., the Brewster, N.Y., business forms manufacturer, said Friday it will break ground next week for an $8 million corporate headquarters and printing plant in Roanoke's Centre for Industry and Technology that will add about 170 new factory and office jobs.

The ceremony will be at 1:30 p.m. next Friday. Construction of the 110,000-square-foot building on 17 acres is expected to be completed by the end of the year. J.M. Turner & Co. of Salem will be the general contractor.

The city has agreed to sell Transkrit 17 acres at $15,000 an acre, considerably less than the $25,000 an acre Elizabeth Arden paid for its cosmetics plant site in the same area, said Doug Chittum of the city Economic Development Department. The city also will pay part of the cost of grading the Transkrit site.

Roanoke's application for $450,000 in state industrial access funds to build a road to the site and widen a nearby section at the Elizabeth Arden distribution center has been accepted but not yet approved by the Department of Transportation. The city will add 800 feet of new road and widen about 1,200 feet.

For the first time, the city is applying for industrial access money against future allocations, Chittum said. The state has a maximum of $400,000 for a single industrial access project.

But because the new road also would open access to another 15-acre site in the industrial park, Chittum said, the city is asking for part of the funds to come from a future allocation of the department.

by CNB