The auction of Irondequoit’s Medley Centre, scheduled for later this month, has been called off. The dead mall’s owner, Bersin Properties, owed Monroe County $1.2 million in property taxes from 2013, and the county was set to sell off the property at a November 10 tax-foreclosure auction. But Nomura Capital and Credit, the company that once […]
Tax incentives
Posted inNews & Opinion
How Medley’s promise turned to peril
When Scott Congel took on Irondequoit’s Medley Centre, he seemed like the perfect candidate to make something happen on the site. The Congel family business, Pyramid Companies, has built and operated malls across the Northeast, including the thriving Walden Galleria in suburban Buffalo. Officials thought that the Congel name and connections would translate into tenants […]
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COMIDA grants incentives to mall project
A planned expansion at Marketplace Mall won’t just be retail space, it’ll be a tourist destination. At least that’s the argument that the mall’s owner and Monroe County Industrial Development Agency are advancing. The mall’s owner, Wilmorite, plans to re-use the former Bon-Ton space for an as-yet-unannounced purpose. Wilmorite will also build a new anchor building […]
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Week Ahead: COMIDA considers tax deal for Penfield apartment project
The board of the Monroe County Industrial Development Agency will take up tax exemptions for a couple of large projects when it meets at noon on Tuesday in the Watts Building conference room, 49 South Fitzhugh Street. Southpoint Cove, a proposed 358-unit apartment complex in Penfield, is seeking sales and mortgage tax exemptions. The $54 […]
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Mayoral candidate White talks about education
Alex White, the Green Party’s candidate for mayor, unveiled his education plan at a brief press conference yesterday. Given that White’s opponent, Democrat Lovely Warren, has made education the cornerstone of her campaign, White had to sa y something on the topic. But his plan is really a repackaged version of the Green Party’s fight […]
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The Empire Zone strikes back
The Medley Centre project in Irondequoit isn’t held in high esteem by the public. Neither were the state’s Empire Zones — businesses in these designated areas were entitled to tax incentives. Even state officials agreed the zones were so flawed the whole system had to be junked. But combined, Medley and the zone program make […]
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Irondequoit board backs tax incentives for I-Square
For I-Square, the third time was the charm. Last night, the Irondequoit Town Board voted to support a PILOT – payment in lieu of taxes – for the proposed mixed-use project. Although the Monroe County Industrial Development Agency would provide the PILOT, the Irondequoit Town Board has to approve it. Last night wasn’t the first […]
