Dover pursues funding for roadwork, electric upgrades to accommodate Schaeffler
Dover city officials have obtained funding help and are looking for more as they face millions of dollars in costs associated with the Schaeffler company’s huge expansion into the city. Schaeffler plans to invest 230-million-dollars in the construction of a manufacturing facility on Dover’s northern border. Mayor Shane Gunnoe Monday said he expects the city to spend more than $2 million on road and utility projects associated with Schaeffler’s project.
He says the city will receive $970,000 in grant funding from the state to help with $1.3 million dollars in roadwork and other improvements along Crown Road.
Gunnoe says the city also needs to extend an additional power line to the property as Schaeffler will become a major customer of the city’s Light and Power Plant. He expects Schaeffler to increase customer usage by as much as 40 percent.
Gunnoe says it will cost the city $1.4 million dollars in electrical system upgrades to accommodate Schaeffler. He expects most of that will be covered through an income tax sharing agreement that is part of the incentive package that helped attract the company to Dover.
Gunnoe says he is still talking with state officials in pursuit of grants or other funding assistance.