If the I-Square project in Irondequoit moves forward, it won’t be in the form initially proposed, says the project’s developer, Mike Nolan. Late yesterday afternoon, the Irondequoit Town Board tabled a resolution to approve a payment-in-lieu-of-taxes agreement for I-Square, a development that would include space for commercial and retail, as well as public areas near […]
COMIDA
Posted inNews & Opinion
Tops’ COMIDA coupon
The Tops store on Jefferson Road in Henrietta plans to move just down the road into another plaza. And it’s getting tax breaks to do it. Tops’ corporate business model calls for gas pumps at its stores, but pumps are prohibited at the current Jefferson Road location. The company wants to move to space at […]
Posted inNews & Opinion
Deal sealed for Sibley building
The board of the Monroe County Industrial Development Agency unanimously approved a tax deal last week for the developer of the Sibley building downtown. | The COMIDA agreement sets a baseline tax payment that increases as the building is redeveloped and leased. | Boston-based Winn Development closed on the Sibley building on East Main Street […]
Posted inNews & Opinion
Tax deal for Sibley building approved
The board of the Monroe County Industrial Development Agency
unanimously approved a tax deal this afternoon for the developer of the Sibley
building downtown.
Posted inNews & Opinion
Medley housing has potential investor
A housing component for Medley Centre may soon have a prominent investor. Representatives from the AFL-CIO’s Housing Investment Trust have had several meetings with developer Scott Congel about investing in a 40-story apartment complex on the Medley Centre site, says Eugene Caccamise, president of Bricklayers and Allied Craftworkers Local No. 3. Caccamise mentioned the discussions […]
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Medley, RBTL have theater deal
It’s a busy week in Medley Centre news. First, the East Irondequoit school board approved a measure requiring Medley Centre developer Scott Congel to pay several hundred thousand dollars for missing an investment milestone. And now, Arnie Rothschild, chair of Rochester Broadway Theatre League’s board, says that Congel has agreed to build a 3,000-seat theater, […]
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Medley, RBTL have theater agreement
Meanwhile, the East Irondequoit school district is pursuing the Medley developer for failing to meet goals.
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County on defense over Sibley deal
Mayor Tom Richards says the county is playing politics with the Sibley building sale.
Posted inNews & Opinion
NEWS BLOG: Greece Ridge Mall on tomorrow’s Comida agenda
When the county Industrial Development Agency meets tomorrow, it will again discuss proposed tax breaks for Greece Ridge Mall. Last month, COMIDA’s board delayed its decision on the proposal. The deal would limit future increases on the mall’s property taxes for 25 years. The Wilmorite subsidiary that owns Greece Ridge Mall plans to redevelop the […]
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NEWS BLOG: Industrial development agencies, by the numbers
Last year, the Monroe County Industrial Development Agency (COMIDA) approved more projects than any other IDA in New York, says a report from the state Authorities Budget Office. But those projects have not resulted in the most private investment. COMIDA approved 40 projects, totaling $81.7 million in private investments and approximately $1.5 million in various […]
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NEWS BLOG: COMIDA vs. the Greece School Board
The Greece School Board is taking a stand against proposed tax breaks for the Greece Ridge Mall. The county Industrial Development Agency is proposing a plan that would limit future property tax increases on the mall for 25 years. The mall’s owner, a subsidiary of Wilmorite, plans to reconfigure the former Bon-Ton space into several […]
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Metro ink – 4.26.06
TREK IN EFFECT If you’ve ever watched CBS’ addictive reality show The Amazing Race and thought, “Hey, I could do that,” High Trek Adventure might be for you. You’ve got your teams of two, your clues leading you from place to place, etc. But in this case you’ll be in a race around Rochester instead […]
